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Moody's assigns first-time Ba1 CFR to SJM Holdings; Ba2 to proposed senior unsecured notes; outlook negative

Rating Action: Moody's assigns first-time Ba1 CFR to SJM Holdings; Ba2 to proposed senior unsecured notes; outlook negative. Global Credit Research- 18 Jan 2021. Hong Kong, January 18, 2021-- Moody's Investors Service has assigned a first-time Ba1 corporate family rating to SJM Holdings Limited, and a Ba2 backed senior unsecured rating to the proposed notes to be issued by Champion Path Holdings Limited and guaranteed by SJM Holdings Limited.
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Moody's Investors Service
Moody's Investors Service

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. 

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