Moody's: Times Property's consent solicitation will not affect ratings
Hong Kong, November 18, 2016-- Moody's Investors Service says that Times Property Holdings Limited's consent solicitation has no immediate impact on its B1 corporate family rating and B2 senior unsecured debt rating. Times Property is seeking consent from the holders of its senior notes due 2017, 2019 and 2020 to amend the terms of the notes. The proposed amendments aim to increase the company's financial flexibility, and relate to debt incurrence, restricted payments,...
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