Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for Industrial Investment Overseas Ltd. > News item |
Fitch rates Jiangbei notes BBB
Fitch Ratings said it assigned Jiangbei New Area Industrial Investment Group's proposed dollar-denominated senior unsecured notes a rating of BBB.
Wholly owned subsidiary Industrial Investment Overseas Ltd., will sell the notes and will benefit from a keepwell and liquidity support deed and a deed of equity interest purchase undertaking provided by Jiangbei Investment. Jiangbei Investment's wholly owned offshore subsidiary and IIOL's direct parent, New & High (HK) Ltd., also provides an unconditional and irrevocable guarantee.
The proceeds will be used for refinancing and general corporate purposes.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.