Country Garden assigned 'Ba1' CFR, senior unsecured debt rating - Moody's |
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Published
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Mon, 29 Oct 2007 12:49
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MUMBAI (Thomson Financial) - Moody's Investors Service said it assigned first-time 'Ba1' corporate family rating to Country Garden Holdings Company Ltd to reflect its leading market position and the growth opportunities provided by its business model which focuses on building integrated townships in suburban China.Moody's has assigned a provisional (P) 'Ba1' senior unsecured debt rating to the integrated property developer's proposed US dollar bonds. The outlook for the ratings is stable.The bond rating will be removed from its provisional status once Country Garden has successfully completed the bonds issuance, and which is intended to fund capital needs for its existing and new projects, Moody's said.tfn.newsdesk@thomson.comnet/ssaCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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