Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Shanghai Pudong Development Bank Co. Ltd. > News item |
S&P rates Shanghai Pudong notes BBB
S&P said it assigned its BBB long-term issue rating to the proposed drawdown of senior unsecured U.S. dollar-denominated notes by the Hong Kong branch of Shanghai Pudong Development Bank Co. Ltd.
The notes will be drawn down from the US$5 billion medium-term note program of Shanghai Pudong Development Bank Co. Ltd. (Hong Kong Branch).
“The rating on the notes reflects the long-term issuer credit rating on SPDB. The notes issued constitute direct, general, unsubordinated, unconditional, and unsecured obligations of the issuer and at all times rank equally among themselves,” S&P said in a news release.
© 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.