Moody’s assigns B1 to Nan Hai

Moody's Investors Service said it assigned a B1 corporate family rating to Nan Hai Corp. Ltd.

At the same time, the agency assigned a B2 senior unsecured rating to the proposed dollar-denominated notes to be issued by Top Yield Ventures Ltd. and unconditionally and irrevocably guaranteed by Nan Hai.

The outlook is stable. "Nan Hai's B1 corporate family rating reflects the company's profitable property development operations and the strong market position of its cinema operations; the latter of which is an industry with good growth potential,” Franco Leung, Moody's vice president and senior credit officer, said in a news 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.