Moody's: Yingde Gases' proposed equity issuance will have no immediate rating impact
Hong Kong, November 10, 2016-- Moody's Investors Service says that Yingde Gases Group Company Limited's proposed equity issuance, if it takes place, will have no immediate impact on its B1 corporate family rating and the B2 senior unsecured rating on the bonds issued by Yingde Gases Investment Limited and guaranteed by Yingde Gases. On 6 November, Yingde Gases announced that it had agreed to issue 378 million new shares to Originwater Hong Kong Environmental Protection Co.,...
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