HONG KONG, 21 October 2019 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BB-’ global scale Long-term Issuer Credit Rating to Radiance Group Co., Ltd. (“Radiance”). The Outlook is Positive.
At the same time, Lianhe Global has assigned ‘BB-’ global scale Long-term Issuance Credit Rating to the proposed senior unsecured USD notes (“the USD notes”) to be issued by Radiance Capital Investments Limited and guaranteed by Radiance.
Radiance intends to use the net proceeds from this offering for refinancing its existing indebtedness.