Moody’s changes Yuexiu REIT view

Moody's Investors Service said it changed the outlook on Yuexiu Real Estate Investment Trust's Baa3 issuer rating to negative from stable.

The agency also changed the outlook on Yuexiu REIT MTN Co. Ltd.'s Baa3 senior unsecured rating on the guaranteed medium-term notes issued under its medium-term note program.

At the same time, Moody's affirmed the ratings.

The agency said the change of outlook follows Yuexiu’s announcement that it will acquire a 67% interest in a commercial complex in Wuhan from its parent company, Yuexiu Property Co. Ltd.

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