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Moody’s Upgrades CHINA RES LAND (01109.HK) Outlook to Stable
Recommend 8 Positive 10 Negative 3 |
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Moody’s upgraded CHINA RES LAND (01109.HK)’s outlook from Negative to Stable, while maintaining its issuer rating at Baa1. The rating agency explained that this rating adjustment reflects the company’s ability to sustain strong operational and financial stability despite prolonged market weakness. The enhanced resilience stems from improved business diversification backed by the increasing weight of high-margin and stable rental income, paired with its prudent and focused investment strategy. Moody’s expects the company to maintain its robust market position and continue outperforming the broader market, largely benefiting from its brand, high-quality land reserves, access to low-cost financing channels, and SOE background. AAStocks Financial News |
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