Fitch Ratings has published an A rating for Shandong Hi-Speed Holdings Group's (HKG:0412) proposed senior unsecured notes, according to a Sunday release.
The proposed notes' rating is in line with the construction company's long-term foreign currency issuer default rating, due to the issuer's unconditional and irrevocable guarantee.
The company's rating stems from Fitch's government-related entities rating criteria, with China's Shandong province serving as the sponsoring government.
Changes in the issuer's rating would lead to parallel actions on the notes, Fitch said.
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