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China National Chemical Corporation Limited -- Moody's assigns Baa2 rating to proposed notes guaranteed by ChemChina

Moody's Investors Service has assigned a Baa2 rating to the proposed USD notes to be issued by CNAC (HK) Finbridge Company Limited and guaranteed by China National Chemical Corporation Limited (ChemChina, Baa2 stable). CNAC (HK) Finbridge is a wholly owned subsidiary of ChemChina. The proceeds from the proposed issuance will be used to refinance ChemChina's existing indebtedness and for general corporate purposes.