Fitch affirms Chengdu Communications

Fitch Ratings said it affirmed Chengdu Communications Investment Group Corp. Ltd.'s long-term foreign and local currency issuer default ratings at BBB+ with a stable outlook.

Fitch also affirmed its $500 million 5 1/8% senior notes due 2021 and $300 million 4¾% senior notes due 2027 at BBB+.

The offshore notes constitute the company’s unsecured and unsubordinated obligations, ranking pari passu with all its other present and future obligations, Fitch said.

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