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  1. Capital injection likely to boost credit rating of Agricultural Bank

    Posted Oct 25th 2008, 12:00am by Staff Reporter

    ... Jane Cai Agricultural Bank of China, the mainland's third-largest lender, may earn a higher credit rating from Moody's Investors Service after receiving a US$19 billion capital injection from the government. Moody's yesterday affirmed all ratings of the lender and changed the outlook on its 'bank financial strength rating' to positive from stable. The bank ...

  2. Moody's sees outlook bleak for developers

    Posted Nov 20th 2008, 12:00am by Peggy Sito

    ... and 'high regulatory risk', according to ratings agency Moody's Investors Service. In a report on the sector released yesterday, Moody's criticised the aggressive expansion by some ... in April, Moody's said it had downgraded the credit ratings of five developers- Greentown China Holdings, Hopson Development Holdings, Coastal Greentown, SRE Group and Neo-China Land Group- ...

  3. Moody's says non-performing loans may rise

    Posted Jun 18th 2008, 12:00am by Staff Reporter

    ... a senior vice-president of Moody's Investor Services. Mainland lenders might see their incomes drop next year as the costs of credit, funding and operations rise, even though most of them ... of a slowdown in the American economy also are triggering a rise in problem loans, the Moody's executive said. 'The risk positions of Chinese banks must undergo further enhancement,' Ms ...

  4. Moody's view on property sector dims amid fears of tighter lending

    Posted Apr 17th 2008, 12:00am by Sandy Li

    ... Sandy Li Credit agency Moody's Investors Service has taken a pessimistic view of the mainland's property sector amid concern that the China Banking Regulatory Commission might take action against questionable property lending. As tight credit conditions are likely to prevail in the next 12 to 18 months, Moody's expects developers to face challenges in funding ...

  5. Moody's downgrades Shimao Property rating on liquidity concerns

    Posted Jul 25th 2008, 12:00am by Nick Westra

    ... grade. Moody's Investors Service yesterday cut Shimao's issuer rating and senior unsecured bond rating to Ba1 from Baa3 and said the outlook was negative. Shimao's debt already ... of committed funding arrangements to cover maturing debt and large capital expenditures in the next few months,' said Peter Choy, senior credit officer at Moody';s. Because of its land ...

  6. Shimao disagrees with Moody's negative rating

    Posted May 05th 2008, 12:00am by Sandy Li

    ... Sandy Li Shimao Property Holdings has hit back at Moody's Investors Service for putting a negative outlook on the firm, claiming its financial position is strong despite having spent ... 1,871 yuan per square metre. The sites in Dalian and Ningbo are designated for multiple use catering to residential, office, retail and hotel projects. On April 16, Moody's issued ...

  7. Developers unlikely to face rerating

    Posted May 17th 2008, 12:00am by Staff Reporter

    ... and operating cash flow would be under pressure from possibly rising costs, Moody's Investors Service said. China Overseas Land & Investment, Agile Property Holdings, China Properties Group, ... to have pre-sales in the fourth quarter, Moody's is mindful of potential delays,' he said. He added that its adequate liquidity position could help it withstand the delay in sales ...

  8. Fraud probe raises fear about BEA controls

    Posted Sep 20th 2008, 12:00am by Staff Reporter

    ... than expected, according to analysts. Moody's Investors Service changed the bank's rating outlook yesterday from stable to negative after Standard & Poor's, another rating agency, placed the bank's rating under credit watch for a possible downgrade. 'The negative outlook reflects Moody's further concerns over BEA's internal control and risk ...

  9. Mainland banks see sharp jump in profits

    Posted Jan 24th 2008, 12:00am by Enoch Yiu

    ... it expected earnings for last year to jump 100 per cent. Meanwhile, Moody's Investors Service yesterday said there was no rating impact on Bank of China related to the subprime exposure. 'We ... quarter,' said Laurie Cang, a vice-president and senior analyst at Moody's However, there could be further losses in BOC's subprime-related investments, should market conditions ...

  10. Employers urged to take drastic action to stave off job cuts

    Posted Dec 02nd 2008, 12:00am by Dennis Eng

    ... yesterday, rating agency Moody's Investors Service said the recession in Hong Kong was expected to last for the first half of next year, although some estimates put the downturn at two to three ... trade and financial services are the most severely impacted, but the negative effects have spilled over to the domestic economy,' senior Moody's credit officer Steven Hess said. ...




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