S&P lifts H&H view to positive

S&P said it revised the outlook on Health and Happiness (H&H) International Holdings Ltd. (H&H) to positive from stable.

The agency also said it affirmed the BB long-term corporate credit rating on H&H and the BB long-term issue rating on the company's outstanding senior unsecured notes.

S&P also said it revised the outlook to positive, reflect that H&H's has solid growth prospects and will likely maintain steady operating cash flows over the next 12 months.

The company's debt leverage and serviceability could therefore continue to improve over the period, the agency said.

S&P also said it anticipate that H&H will be more disciplined with capital investment over the next 12 months, after its full integration of Swisse Wellness Group, which is acquired in 2015.

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