Moody's: Bright Food Baa3

Moody's Investors Service said it assigned a Baa3 issuer rating to Bright Food (Group) Co., Ltd.

The outlook is stable.

Moody's said Bright Food's Baa3 rating reflects its baseline credit assessment of Ba1 and incorporates a one-notch uplift based on Moody's expectation of strong support by the Shanghai Municipal Government in the event of financial distress.

© 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.