Moody's upgrades Hysan to A3

Moody's Investors Service said it upgraded Hysan Development Co, Ltd.'s issuer rating and Hysan (MTN) Ltd.'s senior unsecured debt rating to A3 from Baa1.

At the same time, Moody's upgraded the provisional rating of the medium-term note program of Hysan (MTN) Ltd., which is unconditionally and irrevocably guaranteed by Hysan Development Co, Ltd., to provisional A3 from provisional Baa1.

The outlook is stable.

"The upgrade reflects Hysan's strong financial and operating performance, which Moody's expects to continue in the next 18 to 24 months," Moody's assistant vice president and analyst Franco Leung said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.