Fitch Ratings has published an A rating for Shandong Hi-Speed Holdings Group's (HKG:0412) proposed senior unsecured notes, according to a Sunday release.

The proposed notes' rating is in line with the construction company's long-term foreign currency issuer default rating, due to the issuer's unconditional and irrevocable guarantee.

The company's rating stems from Fitch's government-related entities rating criteria, with China's Shandong province serving as the sponsoring government.

Changes in the issuer's rating would lead to parallel actions on the notes, Fitch said.