Moody's cuts West China Cement

Moody's Investors Service said it downgraded the corporate family and senior unsecured bond ratings of West China Cement Ltd. to B1 from Ba3.

The outlook is negative.

"The ratings downgrade reflects West China Cement's weakened liquidity and financial profiles, owing to its fast business expansion and a more competitive pricing in the market," Moody's analyst Jiming Zou said in a news release.

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