Moody’s changes Hopson view to stable

Moody's Investors Service said it changed Hopson Development Holdings Ltd.’s outlook to stable from negative and affirmed the B3 corporate family and Caa1 senior unsecured bond ratings.

"The change in outlook reflects Hopson's improved sales execution, after the company shifted its product mix to tap into mass market demand," Moody's analyst Dylan Yeo said in a news release. "The change also reflects Hopson's successful early redemption of its 2016 bonds; a move which alleviates concerns over refinancing risk."

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