Moody's Revises China Vanke's Ratings Outlook to Negative
OREANDA-NEWS. Moody's Investors Service has revised to negative from stable the outlook of the following ratings of China Vanke Co., Ltd. and its subsidiaries:
1. The Baa1 issuer rating of China Vanke;
2. The (P)Baa2 backed senior unsecured rating on the medium-term note (MTN) program of Bestgain Real Estate Lyra Limited; and
3. The Baa2 backed senior unsecured rating on the bonds issued by Bestgain Real Estate Limited and Bestgain Real Estate Lyra Limited.
At the same time, Moody's has affirmed the above ratings.