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July 29, 2019

CCXAP assigns Dalian Deta Holding Co., Ltd.’s US dollar-denominated unsecured notes final BBBg+ rating

Hong Kong, 29 July 2019 -- China Chengxin (Asia Pacific) Credit Ratings (“CCXAP”) has assigned Dalian Deta Holding Co., Ltd. (“Deta” or the “Company”)'s (BBBg+/Stable) USD 300.0 million 5.95% offshore senior unsecured notes due 2022 a final rating of BBBg+.

 

The notes are rated at the same level as Deta's senior unsecured rating, as they represent its direct, general, unsubordinated, unconditional and unsecured obligations. Proceeds will be used for project development and replacement of debt. The final rating is in line with the expected rating assigned on 5 July 2019.

 

CCXAP’s public ratings are available at www.ccxap.com (Rating Results) and may be distributed through media and other means. The methodology used in this rating is Rating Methodology for China’s Local Government Financing Vehicles dated June 2017, available at www.ccxap.com (Rating Methodology).

 

Click here to download the press release.