Fitch Ratings has withdrawn the 'BB-(exp)' rating on Regal Forest Holding Co. Ltd's (RFH) USD300 million senior notes issuance.
The withdrawal of the rating follows unfavorable market conditions to sell the notes. As there is no set time frame for resuming the issuance process, no rating is required at this time. Fitch will provide investors with further information on the notes if and when the issuer resumes the sale process.
Fitch currently rates RFH as follows:
--Local currency Issuer Default Rating (IDR) 'BB-';
--Foreign currency IDR 'BB-'.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research:
--'Corporate Rating Methodology', May 28, 2014.
Applicable Criteria and Related Research:
Corporate Rating Methodology - Including Short-Term Ratings and Parent and Subsidiary Linkage
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=749393
Additional Disclosure
Solicitation Status
http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=843377
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Contacts:
Primary Analyst
Jose Vertiz
Director
+1
212-908-0641
Fitch Ratings, Inc.
33 Whitehall St.,
New
York, NY 10004
or
Secondary Analyst
Indalecio Riojas
Associate
Director
+52-81-8399-9100
or
Committee Chairperson
Alberto
Moreno
Senior Director
+52-81-8399-9100
or
Media
Relations, New York
Elizabeth Fogerty, +1 212-908-0526
elizabeth.fogerty@fitchratings.com