Moody’s changes Yango Group view

Moody's Investors Service said it changed to positive from stable the outlook on Yango Group Co., Ltd.'s B2 corporate family rating and on Yango Justice International Ltd.'s B3 backed senior unsecured debt ratings.

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

“The change in outlook reflects our expectation that Yango's credit metrics will strengthen over the next 12-18 months, driven by expected strong growth in revenue on the back of robust contracted sales growth in 2017 and 2018,” Celine Yang, Moody's assistant vice president and analyst, said in a news release.

“In addition, we expect Yango will gradually reduce its exposure to trust financing and improve its debt maturity profile over the coming 12-18 months.”

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