Moody's rates ENN Ecological Ba2

Moody's Investors Service said it assigned a first-time Ba2 corporate family rating to ENN Ecological Holdings Co., Ltd.

The outlook is stable.

The ratings reflect the favorable industry trends for its methanol production and clean energy related businesses, long track record and diversified business portfolio, Moody's said.

ENN Ecological benefits from favorable industry trends given its focus on expanding its methanol production and clean energy related businesses, the agency said.

The company has a strong operational track record, spanning about 20 years, Moody's said.

The ratings constrained by its modest operating scale, exposure to commodity price volatility and China's evolving policies and regulations, the agency said.

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