Moody's lifts Kaisa to Ba3

Moody's Investors Service said it upgraded Kaisa Group Holdings Ltd.'s corporate family rating and senior unsecured bond rating to Ba3 from B1.

The outlook is stable.

"The upgrade reflects our expectation that Kaisa will continue its solid sales execution track record in the next 12 - 18 months," Moody's assistant vice president and analyst Franco Leung said in a news release.

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