Moody’s moves Wuhan Real Estate view to positive

Moody’s Investors Service said it changed to positive from stable the outlook on Wuhan Real Estate Development & Investment Group Co., Ltd.’s Baa3 issuer rating and Baa3 senior unsecured rating. At the same time, Moody’s has affirmed the above ratings.

“The change in outlook to positive reflects our expectation that the government-led merger as part of the city’s state-owned enterprise (SOE) reform is likely to strengthen Wuhan Real Estate’s strategic importance to the Wuhan government,” said Cedric Lai, a Moody’s vice president and senior analyst, in a press release.

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