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Prospect News home > News index > List of issuers D > Headlines for Daewoo Engineering & Construction Co. Ltd. > News item |
S&P rates Daewoo Engineering notes AA
S&P said it assigned an AA long-term issue rating to the Singapore dollar-denominated bonds that Daewoo Engineering & Construction Co. Ltd. plans to sell. Credit Guarantee and Investment Facility (CGIF) will guarantee the bonds.
“We equalize the rating on the bonds with the long-term foreign currency issuer credit rating on the guarantor, CGIF (AA/stable/A-1+), a trust fund of the Asian Development Bank. This reflects CGIF's unconditional, timely, and irrevocable guarantee,” S&P said in a press release.
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