| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Wuxi Apptec Co., Ltd. > News item |
Moody's alters WuXi AppTec view to positive
Moody's Investors Service said it changed WuXi AppTec Co Ltd.’s outlook to positive from stable and affirmed WuXi AppTec's Baa3 issuer rating.
"The positive outlook reflects our expectation that WuXi AppTec's revenue and EBITDA growth will remain strong in the coming 12-18 months, supported by favorable demand prospects for contract research organization (CRO) services in China and globally," said Shawn Xiong, a Moody's assistant vice president and analyst, in a press release.
"In addition, we expect continued disciplined financial management to result in the company improving its debt leverage and excellent liquidity, while strongly growing its business," added Xiong.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.