[ET Net News Agency, 25 July 2019] Moody's Investors Service has upgraded Jiayuan
International Group Limited's (02768) corporate family rating (CFR) to B3 from Caa1, and
the senior unsecured rating on its USD notes to Caa1 from Caa2.
The outlook on the ratings revised to stable from review for upgrade.
This rating action concludes Moody's review for upgrade initiated on 15 May 2019.
"The upgrade reflects the reduced change of control risk as Jiayuan's share prices have
stabilized and the company's equity base will improve following the approval of an asset
injection by its key shareholder," said Josephine Ho, a Moody's Vice President and Senior
Analyst. (KL)
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02768 JIAYUAN INTL
Nominal 
0.173 0.000 (0.000%) Research Report
25/07/2019 17:54
Moody's upgrades Jiayuan to B3; changes outlook to stable
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