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Fitch rates AVIC International notes BBB
Fitch Ratings said it assigned AVIC International Holdings Corp.'s $300 million 4¾% senior unsecured notes due 2018 and the $200 million 6% senior unsecured notes due 2023 final ratings of BBB.
The notes are issued by AVIC International Finance & Investment Ltd. and are unconditionally and irrevocably guaranteed by AVIC International Holdings.
The notes are rated at the same level as AVIC International's issuer default rating of BBB to reflect that they represent direct, unconditional, unsecured and unsubordinated obligations of the company, Fitch said.
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