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Moody's shifts CR Gas view to positive
Moody's Investors Service said it changed the outlook to positive from stable on China Resources Gas Group Ltd.
"The change in outlook to positive reflects our expectation that CR Gas' solid operating performance and low debt level will help it to achieve very strong credit metrics over the next two years," said Ralph Ng, a Moody's vice president and senior analyst, in a press release.
The agency also affirmed CR Gas' A3 issuer rating, (P)A3 senior unsecured medium-term note program rating and A3 senior unsecured rating.
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