Moody's: Sinochem International's proposed non-core asset disposals are credit positive
Announcement: Moody's: Sinochem International's proposed non-core asset disposals are credit positive. Global Credit Research- 11 Oct 2017. Hong Kong, October 11, 2017-- Moody's Investors Service says that Sinochem International Corporation's plan to dispose of its stakes in Sinochem International Logistics Limited and Sinochem Xingzhong Transshipment Co., Ltd is credit positive, but will not immediately affect its Baa1 issuer rating or stable rating outlook.Sinochem International is engaged in the import and export of chemical materials, fine chemicals, agricultural chemicals, and plastic and rubber products; domestic trade; storage transportation; and freight agent services. Co. is also engaged in processing imported materials; counter and entrepot trading; selling feeds, native livestock products, textiles, general merchandise, electrical hardware, household appliances, mine products, petroleum products, coal, construction materials, ferrous metals, machines, electronic equipment, and automobiles; and wholesale grains and oil.
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