Moody's: West China Cement view to stable

Moody's Investors Service said it changed the outlook of West China Cement Ltd.'s B1 corporate family rating and B1 senior unsecured bond rating to stable from negative.

At the same time, the agency affirmed both ratings.

"The change in outlook to stable reflects an improvement in WCC's debt leverage and a slowdown in its capital expenditure," Moody's assistant vice president and analyst Jiming Zou said in a news release.

In addition, the agency pointed out that the acquisitions made by West China Cement in 2012 contributed to an 18.3% growth in revenue in 2013 to RMB 4.17 billion.

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