Moody’s upgrades China Lesso to Ba1

Moody's Investors Service said it upgraded China Lesso Group Holdings Ltd.’s corporate family rating to Ba1 from Ba2.

The outlook is stable.

"The upgrade of China Lesso's rating reflects its sound track record of business execution and our expectation that the company will maintain its solid credit profile over the next 1-2 years," Moody's vice president and senior analyst Franco Leung said in a news release.

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