Moody’s revises Agile view to positive

Moody's Investors Service said it changed Agile Group Holdings Ltd.’s outlook to positive from stable and affirmed its Ba3 corporate family rating and the B1 senior unsecured rating on its bonds.

"The change in outlook to positive reflects our expectation that Agile will maintain growth in presales and revenues and improve its profit margins, which will in turn improve its credit metrics over the next 12-18 months," Moody's vice president and senior credit officer Kaven Tsang said in a news release.

"The positive outlook also reflects our expectation that Agile will continue its disciplined financial management and land acquisition strategy."

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