Moody's: Yuexiu Property's ratings unaffected by moderate 2016 results; outlook remains negative
Hong Kong, February 27, 2017-- Moody's Investors Service says that Yuexiu Property Company's Limited's 2016 annual results were within expectation and have no immediate impact on its Baa3 issuer rating or the negative rating outlook. "Yuexiu Property's negative ratings outlook adequately captures its weak 2016 results, which were largely within Moody's expectations. In addition, its weak credit metrics for 2016 are partly buffered by its robust liquidity, "says Franco Leung, a...Yuexiu Property is engaged in the development, selling and management of properties, and holding of investment properties. Co. has four segments: property development, property management, property investment and other. Co.'s property development segment is engaged in the sales of property development activities. Co.'s property management segment is engaged in the property management services. Co.'s property investment segment is engaged in the property rentals. Co.'s other segment is engaged in the real estate agency and construction and building design consultancy services.
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