Moody’s revises Yestar Healthcare view to negative

Moody's Investors Service said it revised its outlook for Yestar Healthcare Holdings Co. Ltd. to negative from stable.

“The negative outlook reflects our expectation that Yestar's liquidity will tighten on the back of rising working capital to fund business growth, and that it will likely use short-term debt to fund payments associated with previous acquisitions,” said Gerwin Ho, Moody's vice president and senior credit officer, in a news release.

Moody’s affirmed the company’s Ba3 corporate family and senior unsecured ratings.

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