Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Li & Fung Ltd. > News item |
Moody's: Li & Fung unchanged
Moody's Investors Service said it sees no immediate impact on Li & Fung Ltd.'s A3 issuer and senior unsecured debt ratings or on the Baa2 subordinated perpetual bond rating from its acquisition of Lornamead Acquisitions Ltd. for $190 million.
The outlook remains negative.
While the acquisition is a meaningful addition to Li & Fung's health and beauty product line, the investment amount is small relative to the company's operational scale, Moody's said.
© 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.