Moody’s revises Wuzhou to negative

Moody's Investors Service said it changed the outlook on Wuzhou International Holdings Ltd.’s corporate family and senior unsecured ratings to negative from stable.

The agency also affirmed the B2 corporate family rating and B3 senior unsecured rating.

"The change in outlook to negative reflects the weakened credit profile of Wuzhou International Holdings Ltd., including its weaker-than-expected operating margins and the deterioration in interest coverage, thereby positioning it weakly relative to its B2 peers," Moody's assistant vice president Stephanie Lau said in a news release.

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