Moody’s: Fosun view to stable

Moody's Investors Service said it changed the outlook on Fosun International Ltd.’s Ba3 corporate family rating to stable from negative.

At the same time, the agency affirmed Fosun's Ba3 corporate family rating, as well as the Ba3 rating on the senior unsecured bonds issued by Sparkle Assets Ltd. and guaranteed by Fosun.

"The stable outlook reflects Fosun's demonstrated ability to maintain its access to the funding markets and improve its debt maturity profile," Lina Choi, Moody's vice president, senior credit officer and international lead analyst for Fosun, said in a news release.

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