Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Hong Yang Group Co. Ltd. > News item |
Fitch rates Hong Yang notes B+
Fitch Ratings said it assigned Hong Yang Group Co. Ltd.'s proposed dollar-denominated senior notes a rating of B+ and recovery rating of RR4. The notes will be issued by Hong Seng Ltd., a wholly owned subsidiary of Hong Yang.
The proposed notes are rated at the same level as Hong Yang's senior unsecured rating as they will be guaranteed by the company. Hong Yang plans to use the proceeds to refinance debt and for general corporate purposes.
© 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.