Moody's gives Renaissance Securities notes B1

Moody's Investors Service said it has assigned a long-term foreign currency senior debt rating of B1 to the $225 million of senior unsecured guaranteed notes due 1 April 2011 issued by Renaissance Securities Trading Ltd.

The outlook is negative.

The agency added that the notes are jointly and severally guaranteed by Renaissance Financial Holding Ltd. (rated B1/negative) and its parent (rated B2/negative).

Moody's noted that under certain conditions, the guarantee provided by RCHL may be revoked.

© 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.