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Published on 10/15/2019 in the Prospect News Emerging Markets Daily.

Moody’s trims Meinian Onehealth

Moody's Investors Service said it downgraded the corporate family rating of Meinian Onehealth Healthcare Holdings Co., Ltd. to Ba3 from Ba2.

In addition, Moody's downgraded the senior unsecured rating on the bonds issued by Mei Nian Investment Ltd. and guaranteed by Meinian Onehealth to Ba3 from Ba2.

Moody's also changed the outlook for both Meinian Onehealth and Mei Nian Investment to negative from review for downgrade.

“The ratings downgrade reflects our view that Meinian Onehealth's leverage will remain elevated over the next 12-18 months, amid slower revenue growth and lower margins than we had previously expected,” said Shawn Xiong, a Moody's assistant vice president and analyst.


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