Bloomberg News

Moody’s Cuts Glorious Property’s Corporate, Bond Ratings

February 27, 2012

Glorious Property Holdings Ltd. (845) had its corporate and bond ratings cut by Moody’s Investors Service because of refinancing risks, according to an e-mailed statement from the ratings company.

Moody’s lowered Glorious Property’s corporate family rating to B3 from B2, and downgraded the rating on company’s $300 million 13 percent bond due 2015 to Caa1, the statement said.

To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net


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