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Fitch rates China Aoyuan notes BB
Fitch Ratings said it assigned China Aoyuan Group Ltd.’s proposed U.S. dollar senior notes a BB rating.
“The proposed notes are rated at the same level as Aoyuan’s senior unsecured rating because they will constitute its direct and senior unsecured obligations,” Fitch said in a press release.
Aoyuan intends to use the proceeds to refinance its debt.
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