Moody's could drop Parkson Retail

Moody's Investors Service said it placed Parkson Retail Group Ltd.'s Ba1 corporate family and senior unsecured debt ratings under review for downgrade.

The review follows Parkson's third quarter 2013 results announcement.

"The review is driven by the company's worse-than-expected results in 3Q 2013, which in turn prompt concerns from Moody's that the company appears unable to arrest the deteriorating trend in its financials, and which commenced in 2010," Moody's vice president and senior analyst Alan Gao said in a news release.

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