Moody's: no immediate concerns for West China Cement from short seller's report

Moody's: no immediate concerns for West China Cement from short seller's report
Published: 10 August 2012

Tagged Under: West China Cement China 

Moody's sees no immediate concerns for West China Cement from short seller's report. There is no pressure on its Ba3 corporate family and senior unsecured debt ratings. At the same time, the rating outlook remains negative, reflecting the consideration that its credit metrics, especially interest coverage, are under pressure from its fast expansion and weak cement prices. (Source: Reuters)