Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for Ping An Real Estate Capital Ltd. > News item |
Moody’s assigns Pingan notes Baa3
Moody’s Investors Service said it assigned a Baa3 rating to the proposed dollar-denominated senior unsecured notes to be sold by Fuqing Investment, a unit of Pingan Real Estate Capital Ltd., which Moody’s rates Baa3. Pingan will guarantee the notes.
The proceeds will be used to refinance debt and for general working capital.
The proposed notes will be supported by a keepwell deed and a liquidity support undertaking from Pingan Real Estate.
The outlook is stable.
© 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.