Fitch Ratings has published a BBB- rating for China Great Wall AMC (International) Holdings' proposed senior unsecured US dollar notes, according to a Monday release.
Wholly owned subsidiary China Great Wall International Holdings VI will issue the notes, with the parent acting as guarantor.
The notes have the same rating as the guarantor, as they serve as the latter's obligations and rank at least equally with its other obligations, Fitch said.
Changes in the China-based investment management company's issuer default rating will lead to similar actions on the notes, according to Fitch.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.