[ET Net News Agency, 22 April 2020] Moody's Investors Service has placed China
Everbright Limited (00165)(CEL)'s Baa2 long-term issuer rating and P-2 short-term issuer
rating under review for downgrade.
The previous outlook on CEL was stable.
Moody's said the rapid and widening spread of the coronavirus outbreak, deteriorating
global economic outlook, falling oil prices, and asset price declines are creating a
severe and extensive credit shock across many sectors, regions and markets. CEL has been
one of the companies affected by the shock given its principal financial investments and
its business in raising and managing funds that invest in primary and secondary markets.
The credit rating agency regards the coronavirus outbreak as a social risk under our ESG
framework, given the substantial implications for public health and safety. Today's action
reflects the impact on CEL of the breadth and severity of the shock, and the deterioration
in credit quality it has triggered. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00165 CHINA EB LTD
Nominal 
4.000 -0.020 (-0.498%) Research Report
22/04/2020 09:42
Moody's places China EB Ltd's ratings under downgrade review
| Remark: | Real time quote last updated: 25/04/2024 17:22 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |