Moody's changes Yida's ratings outlook to negative
Rating Action: Moody's changes Yida's ratings outlook to negative. Global Credit Research- 17 Nov 2017. Hong Kong, November 17, 2017-- Moody's Investors Service has changed to negative from stable the outlook on Yida China Holdings Limited's B2 corporate family rating and B3 senior unsecured rating.Yida China Holdings Limited is an investment holding company mainly engaged in property development. The Company operates its business through six segments. The Property Development segment is engaged in the development and sale of properties. The Property Investment segment is engaged in the investment of properties for their rental income potential and/or for capital appreciation. The Business Park Operation and Management segment is engaged in the provision of operation and management services to the business park projects. The Construction, Decoration and Landscaping segment is engaged in property construction, the provision of interior decoration services to property buyers and landscaping services to property projects. The Property Management segment is engaged in the provision of management services to properties. The Others segment is engaged in corporate income and expense items.
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