Moody’s alters Yuzhou outlook to stable

Moody’s Investors Service said it revised the outlook to stable from under review and confirmed Yuzhou Properties Co. Ltd.’s Ba3 corporate family rating and the B1 senior unsecured rating on its bonds.

The outlook change and confirmation conclude the review started on April 9, the agency said.

“The stable outlook reflects Moody’s expectation that Yuzhou will execute its business plan and maintain good liquidity while improving its credit metrics over the next 12-18 months,” Moody’s said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.