Rating Action: Moody's withdraws Green Bond Assessments (GBA) Global Credit Research - 22 Oct 2020 New York, October 22, 2020 -- Moody's Investors Service has today withdrawn all of its outstanding Green Bond Assessments (GBAs) for its own business reasons.
Moody's Investors Service has assigned a provisional (P)A1 rating to the credit enhanced bonds to be issued by Huangshan Tourism Group Co., Ltd. The bonds will be supported by an irrevocable standby letter of credit (SBLC) from Bank of China Limited, Anhui Branch (the LC bank), which has a long-term Counterparty Risk Assessment (CR Assessment) of A1(cr) for its head office.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of BOCOM International Holdings Company Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.