Moody’s raises Future Land to Ba2

Moody's Investors Service said it upgraded Future Land Holdings Co., Ltd.'s corporate family rating to Ba2 from Ba3.

At the same time, the agency upgraded New Metro Global Ltd.’s senior unsecured rating to Ba2 from Ba3.

The outlook was changed to stable from positive.

"The ratings upgrade reflects our expectation that Future Land Holdings' operating scale will grow and that its credit metrics will improve over the next 12-18 months," 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.