Moody's assigns (P) Baa2 senior unsecured rating to Vanke Real Estate's MTN program; outlook negative
Hong Kong, January 03, 2017-- Moody's Investors Service has assigned a provisional Baa2 senior unsecured rating to the USD3.2 billion medium-term note program of Vanke Real Estate Company Limited. The MTN program and all the notes issued under the program will remain supported by a deed of equity interest purchase undertaking and a keepwell deed between China Vanke Co., Ltd., Vanke Real Estate Company Limited and the bond trustee. The rating outlook is negative.
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