S&P: Assigns 'BBB' long-term issue rating to Top Education Group's proposed senior unsecured notes offering (00839.HK)

On June 15th, S&P granted China Education Group Holdings Limited (referred to as "China Education Group" 00839.HKBBB Stable) a long-term issue rating of "BBB" for the senior unsecured notes it plans to issue. The company, a provider of private higher education services, intends to use the proceeds from the issuance for refinancing and general corporate purposes. This rating is subject to confirmation by S&P after the final terms and conditions are reviewed.