Moody's assigns Ba3 to Yanlord's proposed USD bond
Hong Kong, November 15, 2016-- Moody's Investors Services has assigned a Ba3 senior unsecured debt rating to the proposed USD senior notes to be issued by Yanlord Land Co., Limited and irrevocably and unconditionally guaranteed by Yanlord Land Group Limited. The company plans to use the proceeds of the new USD notes issuance for refinancing existing debt and general working capital purposes. The rating outlook is positive.
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