Moody's shifts Zhongliang view to stable

Moody's Investors Service said it affirmed Zhongliang Holdings Group Co. Ltd.’s B1 corporate family rating but changed the outlook to stable from positive.

"The change in outlook to stable reflects our expectation that Zhongliang's credit metrics will likely not meet the thresholds required for a rating upgrade, given the challenging operating and funding conditions," said Cedric Lai, a Moody's vice president and senior analyst, in a press release.

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