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Moody’s rates Champion MTN notes Baa1
Moody’s Investors Service said it assigned a Baa1 rating to the proposed dollar-denominated senior unsecured notes due 2030 to be offered by Champion MTN Ltd. under its $2 billion medium-term note program.
The notes will be guaranteed by HSBC Institutional Trust Services (Asia) Ltd., in its capacity as the trustee, and with recourse limited to the assets of Champion Real Estate Investment Trust.
Champion REIT will use the proceeds to refinance debt and/or for general corporate purposes.
The outlook is stable.
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