Moody's assigns Baa2 to China Vanke's MTN drawdown
Hong Kong, December 15, 2016-- Moody's Investors Service has assigned a Baa2 rating to the USD notes to be issued by Bestgain Real Estate Lyra Limited. The rating is based on an unconditional and irrevocable guarantee provided by Vanke Real Estate Company Limited, a wholly-owned subsidiary of China Vanke Co., Ltd.. The notes were issued under Bestgain Real Estate Lyra Limited's USD3.2 billion medium-term note program.
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