INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 8 June 2017 Update RATINGS United Photovoltaics Group Limited Domicile Bermuda Long Term Rating Ba3 , Possible Downgrade Type LT Corporate Family Ratings Outlook Rating(s) Under Review Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts
Rating Action: Moody's reviews United PV's Ba3 rating for downgrade. Global Credit Research- 17 May 2017. Hong Kong, May 17, 2017-- Moody's Investors Service has placed United Photovoltaics Group Limited's Ba3 corporate family rating and B1 senior unsecured rating on review for downgrade.
æŽç‚œä¹ å‰¯æ€»è£ - 高级分æžå¸ˆ 项目åŠåŸºå»ºèžèµ„部 Moody's Investors Service Hong Kong Ltd. ä¸å›½é¦™æ¸¯ç‰¹åˆ«è¡Œæ”¿åŒº 金钟é“ 88 å· å¤ªå¤å¹¿åœºä¸€æœŸÂ 24 楼 è”ç³»ç”µè¯ (记者) : 852-3758-1350 è”ç³»ç”µè¯ (客户) : 852-3551-3077 Terry Fanous 董事总ç»ç† – 基建èžèµ„ 项目åŠåŸºå»ºèžèµ„部 Moody's Investors Service Singapore Pte. Ltd. 50 Raffles Place #23-06 Singapore 48623 è”系电è¯(记者):+852.3758.1350 è”系电è¯(客户):+852.3551.3077 新闻稿å...
Rating Action: Moody's reviews United PV's Ba3 rating for downgrade. Global Credit Research- 17 May 2017. Hong Kong, May 17, 2017-- Moody's Investors Service has placed United Photovoltaics Group Limited's Ba3 corporate family rating and B1 senior unsecured rating on review for downgrade.
Announcement: Moody's: Asian high-yield-bond covenants weaken in Q1, driven by China property bonds. Global Credit Research- 24 Apr 2017. Hong Kong, April 24, 2017-- Moody's Investors Service says that Asian high-yield-bond covenants weakened in Q1 2017, as the average covenant quality score for the bonds issued by Chinese property developers fell further, but the average score for Asia is still much stronger than for other regions.
Announcement: Moody's: United PV's 2016 results are below expectations due to delays in equity placement and refinancing into 1 Q2017. Global Credit Research- 03 Apr 2017. Hong Kong, April 03, 2017-- Moody's Investors Service says that United Photovoltaics Group Limited's 2016 results were marginally below Moody's expectations due to delays in equity placements and refinancing completed in March 2017, with no immediate impact on its current rating and outlook.
Hong Kong, February 13, 2017-- Moody's Investors Service says that the introduction of green certificates in China's renewable energy sector will likely lower the tariffs on wind and solar power in the near term, but support the further development of the sector in the longer term by easing curtailment. The new measures will have no immediate impact on the ratings and outlook of the two wind and solar power producers rated by Moody's, China Longyuan Power Group Corporation Ltd....
CORPORATES ISSUER IN-DEPTH 9 February 2017 Source Documents: Offering Memorandum (18 Jan 2017) Peer Group: » Unreg Utilities and Unreg Power Companies KEY METRICS: Historical financial data (as of and for LTM 30 June 2016) Total assets = US$2,121.488 Pro forma financial data (adjusted for the notes) (as of 30 June 2016) Total debt = US$1,902.4 (All figures in US$ millions unless otherwise noted) (
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