Moody's: Wan Hai view to stable

Moody's Investors Service said it changed the outlook of Wan Hai Lines Ltd.'s Ba3 corporate family rating and B1 senior unsecured bond rating, issued by Wan Hai Lines (Singapore) Pte Ltd. and guaranteed by Wan Hai Lines Ltd., to stable from negative.

At the same time, Moody's affirmed both ratings.

"The change in outlook to stable reflects Wan Hai's improved operating profitability, and which we expect to be sustainable," Moody's vice president and senior analyst Chenyi Lu said in a news release.

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