Moody’s revises Country Garden view to positive

Moody's Investors Service said it changed the outlook on Country Garden Holdings Co. Ltd. to positive from stable.

“The change in outlook to positive reflects our expectation that Country Garden’s credit metrics over the next 12-18 months will improve to levels that are strong for its current rating level,” said Josephine Ho, a Moody's senior vice president, in a news release.

Moody’s affirmed the Ba1 corporate family rating and Ba2 senior unsecured rating.

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