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Moody's: Shimao view to positive
Moody's Investors Service said it changed the outlook of Shimao Property Holdings Ltd.'s Ba3 corporate family rating and B1 senior unsecured bond rating to positive from stable.
Moody's also affirmed Shimao's Ba3 corporate family rating and B1 senior unsecured bond rating.
"The change in outlook to positive reflects our expectation that Shimao's financial profile will improve following a shift in its business strategy," Moody's assistant vice president and analyst Franco Leung said in a news release.
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