• Mon
  • Dec 29, 2014
  • Updated: 10:34pm

Moody's

Market Calls

Moody's issued a report last Monday flagging corporate governance concerns of 61 mainland firms. Longfor Properties (960) received seven flags, or seven areas of concern.

Monday, 18 July, 2011, 12:00am

Scrutiny of rating agency may raise its own red flags

The word most uttered over business lunches in Central this week must have been 'Moody's'. The rating agency's 'red flag' report on mainland companies stirred up as much controversy about its own reputation as that of the corporations it rated.

16 Jul 2011 - 12:00am

Moody's proposal sends Nine Dragons shares up

Nine Dragons Paper (Holding) said yesterday it had received a proposal from Moody's Investor Services after Standard & Poor's dropped the scrap paper recycler's rating, causing its shares to plunge to a two-year low on Tuesday.

16 Jun 2011 - 12:00am

Zendai Bund deal prompts Moody's review

Shanghai Zendai Property has requested its shares be suspended from trading after revealing it would pay a record 9.22 billion yuan (HK$10.5 billion) for a prime commercial site on the Bund, a purchase that prompted Moody's to put some of its debt under review.

3 Feb 2010 - 12:00am

Moody's raises its outlook for residential property to stable

As concerns fade that the central government will soon introduce measures to tighten lending in the mainland property market, ratings agency Moody's Investors Service has revised its outlook for the housing sector to stable from negative.

7 Oct 2009 - 12:00am

Capital injection likely to boost credit rating of Agricultural Bank

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.

25 Oct 2008 - 12:00am

Hong Long targets US$200m bond sale

Hong Long, a Hong Kong-listed small mainland developer, plans to raise as much as US$200 million in its first international bond sale to refinance existing debt and buy land, market sources and credit rating agencies disclosed.

Hong Long raised HK$450 million in February in an initial public offering on the local bourse.

25 Jul 2007 - 12:00am

Li & Fung targets US$500m from first global bond offering

Li & Fung, a Hong Kong-listed trading company, plans to raise as much as US$500 million in its first global bond sale to fund business development and acquisitions, according to market sources.

The company planned to raise between US$300 million and US$500 million from the sale of 10-year bonds, the sources said yesterday.

4 May 2007 - 12:00am

Ratings firm wants a bright senior analyst

A ratings and research firm with a global workforce of more than 1,000 analysts is looking for a bright mind to join its expanding team in Asia.

9 Sep 2006 - 12:00am

In Brief

Clp's ratings affirmed

Moody's Investors Service has affirmed the A1 credit rating of electricity utility CLP Holdings and an Aa3 rating of its wholly owned subsidiary, CLP Power, as it finds no changes in their credit fundamentals as a result of new accounting standards.

22 Aug 2006 - 12:00am