trending Market Intelligence /marketintelligence/en/news-insights/trending/bjqYqouHm_Q4u1ikquS02w2 content esgSubNav
In This List

Moody's raises outlook on China Everbright to stable

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Moody's raises outlook on China Everbright to stable

Moody's raised its outlook on Hong Kong-based China Everbright Ltd. to stable from negative while affirming its ratings.

The rating agency said it affirmed the company's long- and short-term issuer ratings at Baa2/P-2. Moody's also affirmed China Everbright's stand-alone assessment at "ba2."

The affirmation and outlook revision reflect the company's standalone assessment, assumption of a high probability of support from its parent China Everbright Group Ltd. and improvement in the credit profiles of the group and its key subsidiaries. The company's stand-alone assessment reflects its increasing franchise in alternative asset management and fundraising ability, strong principal investment to support asset management business growth and good profitability.

The positive factors are offset by China Everbright's high concentration risk, increasing investment risk in principal investment and a rise in leverage, Moody's said.