Moody's changes Yuzhou's ratings outlook to positive
Hong Kong, December 28, 2016-- Moody's Investors Service has changed to positive from stable the rating outlook of Yuzhou Properties Company Limited. Moody's has also affirmed the company's B1 corporate family rating and the senior unsecured ratings on its issued bonds-- USD250 million bonds due 2019; USD300 million bonds due 2019; and USD250 million bonds due 2023.. "The change in outlook reflects Yuzhou's strong sales execution, which could in turn improve its debt leverage," says...
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