Fitch rates Beijing Capital notes BBB

Fitch Ratings said it published Beijing Capital Group Co. Ltd.'s long-term foreign-currency issuer default rating of BBB with a stable outlook and senior rating of BBB and assigned a BBB expected rating to its proposed dollar senior notes.

The agency said that Beijing Capital's ratings benefit from a two-notch uplift that reflects its moderately strong operational and strategic linkage with the Beijing municipal government and that the company’s standalone BB+ ratings are derived from the weighted average credit profiles of its three key business divisions: infrastructure, environment protection and real estate.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.