Moody's ups Kingboard view to stable

Moody's Investors Service said it changed the outlook for Kingboard Chemical Holdings Ltd.'s Baa3 corporate family rating to stable from negative.

The change has been prompted by an expectation that stronger-than-expected demand for consumer electronic products could result in a sharp rebound in the operating performances for Kingboard's laminates and PCB divisions, Moody's said.

The recovery of commodity prices also benefits its chemicals division, the agency added.

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