- Language: English
- Published: April 2013
Presale: LDK Solar Co., Ltd. May 11
- Published: May 2011
- Standard & Poors
On May 4, 2011, Standard & Poor's Ratings Services assigned its 'B+' long-term corporate credit rating to China-based LDK Solar Co., Ltd. (LDK). The outlook is positive. At the same time, we assigned our 'B' issue rating to the company's proposed issue of senior unsecured notes. The ratings are subject to Standard & Poor's review of final documentation for the bond issuance. We also assigned a long-term 'cnBB' Greater China credit scale rating to LDK and a 'cnBB-' Greater China credit scale rating to its proposed senior unsecured bonds. The issue rating on LDK's proposed notes is one notch lower than the corporate credit rating to reflect our opinion that offshore bondholders would be materially disadvantaged, compared with onshore creditors,...
Companies mentioned in this report are: LDK Solar Co., Ltd.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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LDK Solar Co., Ltd.
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