Moody’s reviews Yuzhou Properties for cut

Moody's Investors Service said it placed on review for downgrade Yuzhou Properties Co. Ltd.'s Ba3 corporate family rating and B1 senior unsecured debt ratings.

The outlook was changed to ratings under review from stable.

“The review for downgrade of Yuzhou's ratings reflects our concerns over the company's ability to improve its credit metrics to levels appropriate for its Ba3 corporate family rating amid weakening economic conditions, given the company's continued debt growth to fund its business expansion,” Celine Yang, Moody's assistant vice president and analyst, said in a news release.

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