Moody's: KWG view to negative

Moody's Investors Service said it changed the outlook of KWG Property Holding Ltd.'s Ba3 corporate family rating and B1 senior unsecured bond rating to negative from stable.

Moody's also affirmed KWG's Ba3 corporate family rating and B1 senior unsecured bond rating.

"The negative outlook reflects our concern that KWG's financial flexibility will remain constrained by its high debt leverage, while its interest coverage is weaker than its similarly rated domestic peers," Moody's assistant vice president and analyst Franco Leung said in a news release.

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