Moody's: Evergrande unaffected

Moody's Investors Service said that Evergrande Real Estate Group Ltd.'s financial results for the first half of 2012 are weak but will not immediately affect its B1 corporate family rating, B2 senior unsecured bond rating or negative outlook.

"The negative outlook already factors in the lower profit margins, increased borrowings, and weakened financial metrics that Evergrande reported for the 2012 first half," Moody's vice president and senior analyst Kaven Tsang said in a news release.

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