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Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of Li & Fung Limited and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 17 April 2024 in which Moody's reassessed the appropriateness of the ratings in the conte...

Li & Fung Limited: Update following 2023 results - Continued turnaroun...

Our credit view of Li & Fung reflects its prudent financial management, very good liquidity, and risks involved in turning around its trading business.

Li & Fung Limited: Update following outlook change to negative

Our credit view of Li & Fung reflects its prudent financial management, very good liquidity and risks to turning around its trading business.

Moody's affirms Li & Fung's ratings, changes outlook to negative

Moody's Investors Service has today affirmed Li & Fung Limited's Ba1 corporate family rating (CFR), and changed the outlook to negative from stable. At the same time, Moody's has affirmed the company's (1) Ba1 senior unsecured bond ratings, (2) provisional (P)Ba1 senior unsecured medium-term note ...

Li & Fung Limited: Update following 2022 results - Solid balance sheet...

Our credit view of Li & Fung reflects its prudent financial management, very good liquidity and recovering trading business from multiyear structural declines.

Li & Fung Limited: Update following downgrade to Ba1, outlook stable

Our credit view of Li & Fung reflects its prudent financial management, very good liquidity and recovering trading business from multiyear structural declines.

Moody's downgrades Li & Fung's senior unsecured ratings to Ba1, assign...

Moody's Investors Service has assigned a Ba1 corporate family rating (CFR) to Li & Fung Limited and withdrawn the company's Baa3 issuer rating. At the same time, Moody's has downgraded to (1) Ba1 from Baa3 the company's senior unsecured bond ratings, (2) provisional (P)Ba1 from (P)Baa3 its senior ...

Li & Fung Limited: Update following ratings on review for downgrade

Our credit view of Li & Fung reflects its solid liquidity and prudent financial management, constrained by the multiyear structural decline in its trading business.

Moody's places Li & Fung's ratings on review for downgrade

Moody's Investors Service has placed on review for downgrade Li & Fung Limited's ratings. These include the company's Baa3 issuer rating, Baa3 senior unsecured bond ratings, provisional (P)Baa3 senior unsecured medium-term note (MTN) program rating, provisional (P)Ba2 preferred stock MTN program r...

Li & Fung Limited: Update following 2021 results - Operating performan...

Our credit view of Li & Fung reflects its solid liquidity and prudent financial management, constrained by the multiyear structural decline in its trading business.

Li & Fung Limited: Sale of LF Logistics will weaken business profile

The net credit impact of the company’s sale of its logistics business will depend on how the proceeds are used and progress on turning around the trading business.

Li & Fung Limited: Update following H1 2021 results - Improving operat...

Our credit view of Li & Fung reflects its solid liquidity and prudent financial management, constrained by the multiyear structural decline in its trading business.

Moody's announces completion of a periodic review of ratings of Li & F...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Li& Fung Limited. Global Credit Research- 12 May 2021. Hong Kong, May 12, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Li& Fung Limited and other ratings that are associated with the same analytical unit.

Li & Fung Limited: Update following 2020 results - Weakened capital st...

Our credit view of Li & Fung, reflecting difficulties in its trading business, its growing Asia-based logistics business and good liquidity.

Li & Fung Limited: Weakened capital structure in 2020 credit negative

The company’s credit metrics weakened in 2020 but we expect improvement in next 12-18 months.

Li & Fung Limited: Update following H1 2020 results: Credit metrics wi...

CORPORATES CREDIT OPINION 9 September 2020 Update RATINGS Li & Fung Limited Domicile Bermuda Long Term Rating Baa3 Type LT Issuer Rating - Fgn Curr Outlook Negative 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 Gloria Tsuen, CFA +852.3758.1583

Moody's - Li & Fung’s weak first-half results have no immediate rating...

Research Announcement:  Moody's - Li & Fung’s weak first-half results have no immediate rating impact, outlook remains negative Hong Kong, September 04, 2020 -- » Revenue declined 38% in H1 2020 and core operating profit fell to $10 million from $105 million on coronavirus disruptions » But no impact on its rating, as its negative outlook reflects the challenges and the com

Li & Fung Limited: Weak first half 2020 results credit negative but ha...

CORPORATES ISSUER COMMENT 3 September 2020 Contacts Gloria Tsuen, CFA +852.3758.1583 VP-Sr Credit Officer Keun Woo (Chris) Park +852.3758.1366 Associate Managing Director CLIENT SERVICES Americas 1-212-553-1653 Asia Pacific 852-3551-3077 Japan 81-3-5408-4100 EMEA 44-20-7772-5454 Li & Fung Limited Weak first half 2020 results credit negative but hav

Moody's assigns Baa3 to Li & Fung's USD MTN drawdown; outlook remains ...

Rating Action: Moody's assigns Baa3 to Li& Fung's USD MTN drawdown; outlook remains negative. Global Credit Research- 07 Aug 2020. NOTE: On August 07, 2020, the press release was corrected as follows: The methodology paragraph was changed to "The principal methodology used in this rating was Business and Consumer Service Industry published in October 2016 and available at /researchdocumentcontentpage. aspx?

Moody's announces completion of a periodic review of ratings of Li & F...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Li& Fung Limited. Global Credit Research- 20 Jul 2020. Hong Kong, July 20, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Li& Fung Limited and other ratings that are associated with the same analytical unit.

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