Moody's assigns first-time B2 CFR to Ruyi; (P)B3 to senior unsecured bond
Hong Kong, November 15, 2016-- Moody's Investors Service has assigned a first-time B2 corporate family rating to Shandong Ruyi Technology Group Co., Ltd.. At the same time, Moody's has assigned a provisional B3 rating to the proposed senior notes to be issued by Prime Bloom Holdings Limited-- a wholly owned subsidiary of Ruyi-- and supported by unconditional and irrevocable guarantees from Ruyi and its wholly owned subsidiary, Forever Winner International Development Limited.
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