Moody's assigns Shandong note A3

Moody's Investors Service said it assigned a senior unsecured rating of A3 to the planned note drawdown to be issued by Coastal Emerald Ltd. under the company's medium-term note program. Coastal Emerald is an indirectly wholly owned subsidiary of China Shandong Hi-Speed Financial Group Ltd. (SHFG), which is 43.42% owned by Shandong Hi-Speed Group Co., Ltd. (SHDG).

SHDG, rated A3, will guarantee the note.

SDHG and SHFG plan to use the proceeds for the financing and/or refinancing, in whole or in part, green projects.

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