Moody's revises Wanda view to negative

Moody's Investors Service said it changed the outlook to negative from ratings under review of Wanda Group Co., Ltd. The agency started the review on Feb. 28.

"The negative outlook reflects our concerns over Wanda Group's elevated refinancing risk, given its weakened credit profile following the prolonged shutdown of its oil refinery and expected slower demand growth in 2020," said Ying Wang, a Moody's vice president and senior analyst, in a press release.

Moody's also affirmed the company’s B3 corporate family rating.

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