Moody's rates Yihua Enterprise B2

Moody's Investors Service said it assigned a first-time B2 corporate family rating to Yihua Enterprise (Group) Co., Ltd.

The outlook is stable.

The ratings reflect Yihua's established track record and the stable EBITDA and cash flow generation from its listed furniture manufacturing business, Moody's said.

Yihua only partially owns its core businesses, the agency noted.

Moody's said it expects the company's wholly owned property development and financial investment businesses will improve its business diversity, revenue growth and operating cash flow.

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