Moody’s revises CIFI view to positive

Moody's Investors Service said it changed the outlook of CIFI Holdings (Group) Co. Ltd. to positive from stable affirmed the Ba3 corporate family rating and the B1 senior unsecured rating on its $400 million bonds due 2020.

"The positive ratings outlook reflects our expectation that CIFI will improve its credit metrics over the next 12-18 months, owing to its strong sales execution and prudent land acquisition strategy," Moody's assistant vice president and analyst Stephanie Lau said in a news release.

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