Moody's: Tingyi unchanged

Moody's Investors Service said that Tingyi (Cayman Islands) Holding Corp.'s 2012 first half performance shows that the company's strong market position continues to support its Baa1 rating and its stable outlook.

"Tingyi's instant noodles business maintained its leading position and reported a 15.8% year-on-year growth in revenue in first half of 2012, despite the slowdown in the Chinese economy," Moody's vice president and senior analyst Jonathan Lee said in a news release.

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