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Sino-Ocean Land Treasure IV Limited -- Moody's assigns Baa3 rating to Sino-Ocean's proposed senior notes offering

Moody's Investors Service has assigned a Baa3 rating to the proposed senior unsecured notes to be issued by Sino-Ocean Land Treasure IV Limited, a wholly-owned subsidiary of Sino-Ocean Group Holding Limited (Baa3 stable), based on the irrevocable and unconditional guarantee of Sino-Ocean Group Holding Limited. "The proposed issuance of the senior unsecured notes will not have an immediate impact on Sino-Ocean Group Holding Limited's Baa3 issuer rating or stable outlook, as the proceeds will be mainly used to refinance existing debt," says Franco Leung, a Moody's Senior Vice President. The bond proceeds will also strengthen Sino-Ocean's liquidity which is currently adequate.