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Moody's affirms Agile Group rating, revises outlook

Moody's affirmed its Ba3 corporate family rating on Agile Group Holdings Ltd. and revised the ratings outlook of the company to positive from stable.

The rating agency attributed the affirmation to the company's strong track record of property development in the Chinese province of Guangdong, its disciplined financial management and a strong history of equity injections from its largest shareholder "at times of need," among other factors.

As for the outlook revision, Moody's expects Agile will continue to deliver growth in presales and revenues, while maintaining its disciplined financial management and land acquisition strategy.