Moody’s upgrades Fosun to Ba2

Moody's Investors Service said it upgraded Fosun International Ltd.’s corporate family rating to Ba2 from Ba3 and changed the outlook to stable from positive.

"The upgrade of Fosun's corporate family rating to Ba2 reflects its improved business profile, which should in turn reduce volatility in its future performance," Lina Choi, Moody's vice president, senior credit officer and international lead analyst for Fosun, said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.