Moody's affirms XinAo

Moody's Investors Service said it affirmed its Ba1 rating for the senior unsecured notes issued by XinAo Gas Holdings Ltd. following the successful closing of the issuance.

At the same time, Moody's said it affirmed its Ba1 corporate family rating for XinAo and removed both ratings from provisional status.

The outlook is stable.

Moody's noted that the senior unsecured notes has been upsized to $200 million from $150 million, which has immaterial impact on XinAo's credit ratios.

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