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Fitch assigns Rongshi notes A+
Fitch Ratings said it assigned an A+ rating to the U.S. dollar senior unsecured notes to be guaranteed by State Development & Investment Corp., Ltd.’s. Subsidiary Rongshi International Finance Ltd. will sell the notes.
The notes will be issued under State Development’s $3 billion medium-term note program, rated A+.
Proceeds will be used for overseas project construction, refinancing of debt and general corporate purposes.
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