Moody's revises Lifestyle view

Moody's Investors Service said it changed the outlook for Lifestyle International Holdings Ltd., LS Finance (2022) Ltd. and LS Finance (2025) Ltd. to negative from stable.

"The negative outlook reflects Lifestyle's likely weak operating performance this year, as a result of the coronavirus outbreak, following an already weak second half of 2019 because of the social unrest in Hong Kong," said Gloria Tsuen, a Moody's vice president and senior credit officer, in a press release.

"The impact of the weakened performance on Lifestyle's credit quality is mitigated by lower dividends, a flexible cost structure, solid liquidity and a stable capital structure," added Tsuen.

The agency affirmed the ratings on Lifestyle and the notes sold by LS 2022 and LS 2025.

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