Moody’s rates Tahoe B1, notes B2

Moody's Investors Service said it assigned a first-time B1 corporate family rating to Tahoe Group Co., Ltd.

The agency also assigned a B2 senior unsecured rating to the proposed notes to be issued by Tahoe Group Global (Co.) Ltd. and guaranteed by Tahoe Group.

The outlook is negative.

"Tahoe Group's B1 corporate family rating reflects the company's strong sales execution, large scale, broad product offerings and good track record in the development of residential and commercial properties in first- and second-tier cities in China," Franco Leung, Moody's vice president and senior credit officer, 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.