Moody's: CKAH's asset disposal is credit positive; rating unaffected
Announcement: Moody's: CKAH's asset disposal is credit positive; rating unaffected. Global Credit Research- 03 Nov 2017. Hong Kong, November 03, 2017-- Moody's Investors Service says that CK Asset Holdings Limited's sale of its interests in The Center in Hong Kong is credit positive and supports its A2 issuer rating and stable rating outlook, because the proceeds from the sale will enhance its cash buffer and overall capital structure.CK Asset Holdings and its subsidiaries are engaged in the property development and investment; hotel and serviced suite operation; property and project management; and aircraft leasing business.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.