Moody's: Kaisa unaffected

Moody's Investors Service said that Kaisa Group Holdings Ltd.'s weaker-than-expected financial results for the first half of 2012 would not impact its B1 corporate family rating and B2 senior unsecured rating.

The outlook remains negative.

"We expect Kaisa's revenue will significantly improve in 2H2012, but its EBITDA margin will decline from the levels seen in 1H2012," said Franco Leung, a Moody's assistant vice president and analyst, in a news release.

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