Moody's Investors Service yesterday downgraded the rating of Hong Kong-listed mainland farming firm Chaoda Modern Agriculture (Holdings) to Ba3 from Ba2.Saturday, 8 October, 2011, 12:00am
Moody's Investors Service yesterday downgraded the rating of Hong Kong-listed mainland farming firm Chaoda Modern Agriculture (Holdings) to Ba3 from Ba2.
The downgrade follows delays in the release of the firm's annual results announcement, which was due last Friday.8 Oct 2011 - 12:00am
Ratings agencies have uncanny knack for getting it right
What is it with the ratings agencies that without a hint of shame they belatedly show up weeks after an event and with Delphic-like assurance tell us what's wrong with a company's credit status?20 Jul 2011 - 12:00am
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. The report contributed to a pulled share placement by Longfor of about US$500 million that was attempted on the same day of the Moody's report. Longfor's share price fell 10.5 per cent in the two days following.18 Jul 2011 - 12:00am
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
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