Moody௿½s withdraws credit rating of Panda Global Energy Company

Hong Kong, Dec. 20, 2000 à‚– Moody௿½s Investors Service has withdrawn the Caa3 long term debt rating assigned to the US$153.55 million backed senior secured notes due 2004 of Panda Global Energy Company (PGE).

The Notes have been exchanged before the final maturity date.

Panda Global Energy Company is a Cayman Islands company which is a direct subsidiary of Panda Global Holdings Inc. and an indirect wholly-owned subsidiary of Panda Energy International, Inc., an independent power developer, headquartered in Dallas, Texas.

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