Moody’s puts Meinian Onehealth on review

Moody's Investors Service said it placed on review for downgrade the Ba2 corporate family rating of Meinian Onehealth Healthcare Holdings Co., Ltd. and the Ba2 senior unsecured rating on the bonds issued by Mei Nian Investment Ltd. and guaranteed by Meinian Onehealth.

The outlook for both Meinian Onehealth and Mei Nian Investment was changed to review for downgrade from stable.

“The review for downgrade reflects our concern over Meinian Onehealth's earnings trend in 1H 2019, which was below our earlier expectation,” Shawn Xiong, Moody's assistant vice president and analyst, said in a news release.

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