Moody's ups Anhui Transportation

Moody's Investors Service said it raised Anhui Transportation Holding Group Co., Ltd.'s issuer rating to A3 from Baa1. The agency also upgraded the senior unsecured rating of Anhui Transportation Holding Group (H.K.) Ltd., the issuing entity of Anhui Transportation's guaranteed dollar-denominated notes to A3 from Baa1.

"The ratings upgrade reflects Anhui Transportation's strengthened financial profile, supported by the robust performance of its toll road operations and recurring government fiscal support," said Ralph Ng, a Moody's vice president and senior analyst, in a press release.

The outlook remains stable.

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