Moody’s upgrades Agile, bonds

Moody's Investors Service said it upgraded Agile Group Holdings Ltd.’s corporate family rating to Ba2 from Ba3 and the senior unsecured rating on its bonds to Ba3 from B1.

The outlook is stable.

"The upgrade reflects our expectation that Agile will continue to moderately grow presales and revenue recognition in the next 1-2 years, while its credit metrics will stay at levels better than those of its Ba3 rated Chinese property peers," Moody's vice president and senior credit officer Kaven Tsang said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.