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Research Report

09/02/2021 09:30

Moody's changes Fosun Int'l (00656) outlook to stable

[ET Net News Agency, 9 February 2021] Moody's Investors Service has affirmed the Ba3
corporate family rating (CFR) of Fosun International Limited (00656) and the Ba3 backed
senior unsecured rating on the bonds issued by Fortune Star (BVI) Limited. The bonds are
unconditionally and irrevocably guaranteed by Fosun.
Moody's has also changed the outlook on the ratings to stable from negative.
"The change in outlook to stable and ratings affirmation reflect our expectation that
Fosun will sustain its current financial profile, supported by the stable operating
performance of its key investees and more prudent expansion plan," said Lina Choi, a
Moody's Senior Vice President. "We also expect that Fosun will continue to maintain its
access to funding and gradually improve its weak liquidity profile at the holding company
level over the next 12-18 months." (KL)

Remark: Real time quote last updated: 13/05/2021 07:32
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