Moody’s assigns first-time rating to Imperial Pacific

HONG KONG — Moody’s Investors Service assigned a first-time provisional (P)B2 corporate family rating to Imperial Pacific International Holdings Ltd., according to a Sept. 13 release. At the same time, Moody’s assigned a provisional (P)B1 senior secured rating to the proposed USD bonds to be issued by Imperial Pacific International (CNMI) LLC.

Moody’s said the rating outlook for IPI is stable and that the bonds will be guaranteed by IPI. The proceeds from the proposed bonds issuance of up to $480 million will be placed in an account that will only be used to finance . . .

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