Moody's: Ronshine's ratings unaffected by tap bond issuance
Hong Kong, February 14, 2017-- Moody's Investors Service says that Ronshine China Holdings Limited's B2 corporate family rating and B3 senior unsecured rating and the stable outlook on the ratings are unaffected by the company's announcement of a tap bond offering on terms and conditions that are the same as its existing USD175 million senior notes due 2019.. "The additional debt from Ronshine's tap issuance is within our expectation for 2017 and will not materially alter the...Ronshine China Holdings Limited is an investment holding company principally engaged in the development of properties. The Company is involved in the sale of properties, construction contracting businesses and rental of properties. The Company invests in basements, residential properties, commercial properties, hotels and office properties, among others. Its properties include First City Rongxin Super Star City Phase I, First City Rongxin Super Star City Phase III, Rongxin Spanish, Broad View, David City, Lan County and The White House, among others. The Company operates businesses in Chinese cities, including Shanghai, Hangzhou, Fuzhou, Xiamen and Zhangzhou, among others.
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