Far East Horizon Ltd.#s Proposed S$200 Million Notes Drawn Down Under MTN Program Assigned #BBB-# And #cnA-# Ratings

Stocks and Financial Services Press Releases Wednesday September 24, 2014 14:52
HONG KONG--24 Sep--Standard & Poor's

HONG KONG (Standard & Poor's) Sept. 24, 2014--Standard & Poor's RatingsServices today assigned its 'BBB-' long-term issue rating and 'cnA-' long-termGreater China regional scale rating to the proposed issuance of Singaporedollar (S$) 200 million in senior unsecured notes by Far East Horizon Ltd.(FEH: BBB-/Stable/A-3; cnA-/cnA-2). The notes will be a drawdown under thecompany's medium-term notes (MTN) program. The ratings are subject to ourreview of the final issuance documentation.

FEH uses the proceeds under the MTN program to fund its working capital andgeneral corporate needs.

For the MTN program, we equalized the issue rating with the issuer creditrating on FEH. The notes issued under the program constitute direct,unconditional, and senior unsecured obligations of the issuer. The notes willrank equally among themselves and with all other unsecured and unsubordinated

obligations of the issuer.

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