Moody's: China Agri's return to profitability is credit positive for COFCO HK
Hong Kong, January 09, 2017-- Moody's Investors Service says that China Agri-Industries Holdings Limited's likely return to profitability-- based on its announcement of a positive profit alert-- is credit positive for COFCO Limited, but will not immediately affect COFCO HK's A3 issuer ratings or the negative outlook on the ratings. China Agri had said on 6 January 2017 that its profit attributable to owners for 2016 will total approximately HK $1.4 billion versus a loss of HK...
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