Stock offerings
Moody's Assigns A3 Rating to SPIC Preferred Company No.5 Ltd. Preference Shares
Moody's Investors Service has assigned an A3 rating to the proposed preference shares to be issued by SPIC Preferred Company No.5 Ltd., a wholly owned subsidiary of State Power Investment Corporation Limited (SPIC, A1 negative). The rating reflects the junior subordinated ranking of preference shares and the