Moody's continues to review Yingde Gases' ratings for downgrade, after company's announcement of share placement
Hong Kong, December 19, 2016-- Moody's Investors Service says that Yingde Gases Group Company Limited's B2 corporate family rating, and the B3 senior unsecured rating on the bonds issued by Yingde Gases Investment Limited and guaranteed by Yingde Gases continue to be on review for downgrade. Moody's review is based on concerns over the adequacy of Yingde Gases offshore funding, even after the company's announcement of a share placement. On 18 December 2016, Yingde Gases...
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