[ET Net News Agency, 9 September 2020] Moody's Investors Service has downgraded China
Everbright Limited's (CEL)(00165) long-term and short-term foreign and local currency
issuer ratings to Baa3/P-3 from Baa2/P-2. The outlook has been changed to stable from
ratings under review.
The rating action concludes the review for downgrade initiated on 21 April 2020.
The downgrade reflects a lowering of CEL's standalone assessment to Ba3 from Ba2. This
is driven by CEL's elevated leverage which continues to be high despite recent debt
reduction. Additionally, the fluid financial market conditions and the slowdown in
economic growth following the coronavirus outbreak will continue to pose uncertainties to
CEL's profitability and deleveraging timeline. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00165 CHINA EB LTD
Nominal 
4.190 +0.190 (+4.750%) Research Report
09/09/2020 11:52
Moody's downgrades China Everbright to Baa3/P-3; stable
| Remark: | Real time quote last updated: 26/04/2024 17:52 |
| 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 |