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Prospect News home > News index > List of issuers X > Headlines for Xinxing Industry Investment Co. Ltd. > News item
Published on 7/22/2019 in the Prospect News Emerging Markets Daily.

Fitch affirms Hefei Industry

Fitch Ratings said it affirmed Hefei Industry Investment Holding (Group) Co., Ltd.'s long-term foreign- and local-currency issuer default ratings at BBB. The outlook is stable.

Fitch also affirmed its $300 million 4¼% senior notes due 2020 at BBB.

The bond was issued by Xinxing Industry Investment Co. Ltd., an indirectly wholly owned subsidiary of the company.

“The offshore notes are rated at the same level as HIIG's issuer default rating as they represent direct, unsubordinated, unconditional and unsecured obligations of HIIG and rank pari passu with all other present and future unsecured and unsubordinated obligations of HIIG,” the agency said in a news release.


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