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Fitch Rates BIDU-SW Proposed RMB Senior Notes at 'A'
Recommend 11 Positive 22 Negative 9 |
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Rating agency Fitch assigned BIDU-SW (09888.HK)'s proposed RMB senior notes a rating of 'A'. The rating is in line with BIDU-SW's senior unsecured rating of 'A' as they will rank pari passu with its existing and future senior unsecured debt. The proceeds will be used to repay certain existing debt, the payment of interest and for general corporate purposes. AAStocks Financial News |
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