Moody's: Modern Land's ratings unchanged following tap bond issuance
Hong Kong, December 29, 2016-- Moody's Investors Service says that Modern Land Co., Limited's B2 corporate family rating and senior unsecured rating are unaffected by the company's announcement of a tap bond offering on its existing USD350 million senior notes due 20 October 2019.. The rating outlook remains stable. "The tap issuance will lengthen Modern Land's debt maturity profile and improve its liquidity position," says Anthony Lee, a Moody's Analyst and also the...
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