Moody’s withdraws Fosun’s credit ratings, citing insufficient information and months after the Chinese private conglomerate terminated the risk assessor’s services
Moody’s withdrew Fosun International’s B2 corporate family and senior unsecured bond ratings, it said in a statement Friday.
Prior to the move, Fosun’s rating outlook was negative. Moody’s said it made the decision because it believes it has insufficient or inadequate information to support the maintenance of the ratings.
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