Moody’s revises Tianjin Free Trade view to negative

Moody’s Investors Service said it revised the outlook for Tianjin Free Trade Zone Investment Holding Group Co., Ltd. to negative from stable, citing elevated leverage.

Moody’s said it also is concerned about a substantial rise in funds being transferred to the government could mean a possible weakening of government support.

The agency affirmed the Tianjin’s Baa3 rating.

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