Moody’s could drop Yanlord

Moody's Investors Service said it placed Yanlord Land Group Ltd.’s Ba3 corporate family and senior unsecured ratings on review for upgrade.

"The review is prompted by Yanlord's stronger performance and credit profile when compared to the parameters for its Ba3 ratings," Moody's vice president and senior credit officer Kaven Tsang said in a news release.

"Yanlord will likely successfully execute its business strategy, and maintain its improved financial profile, as measured by its liquidity position and debt leverage."

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