Moody's downgrades Imperial Pacific's corporate family rating to B3 and assigns B2 to secured bonds; outlook negative
Hong Kong, January 12, 2017-- Moody's Investors Service has downgraded Imperial Pacific International Holdings Ltd.' s corporate family rating to B3 from B2. At the same time, Moody's has assigned a B2 senior secured rating to the proposed USD bonds to be issued by Imperial Pacific International, LLC and guaranteed by Imperial Pacific. The outlook on all ratings is negative.
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