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Moody's Upgrades FWD Credit Rating to 'Baa1', Revises Outlook to 'Stable'
Recommend 7 Positive 8 Negative 3 |
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Rating agency Moody's announced on Thursday (17th) that it has upgraded FWD (01828.HK)'s issuer rating from 'Baa2' to 'Baa1', and the outlook on FWD has been changed from positive to stable. The upgrade of FWD's ratings reflects its improved profitability and capital-generating capabilities, as well as the increased financial flexibility from its recent listing and deleveraging efforts, Moody's added. AASTOCKS Financial News Website: www.aastocks.com |
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