HONG KONG, 06 January 2020 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘B+’ global scale Long-term Issuer Credit Rating to Golden Wheel Tiandi Holdings Company Limited (1232.HK) (“Golden Wheel” or “the company”). The Outlook is Stable.
At the same time, Lianhe Global has assigned ‘B+’ global scale Long-term Issuance Credit Rating to the proposed senior unsecured USD notes (“the USD notes”) to be issued by Golden Wheel.
Golden Wheel intends to use the net proceeds from the USD notes for refinancing its existing indebtedness.