07.05.2014 13:01:00
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Baosteel Group Corporation -- Moody's: Baosteel's A3 rating unaffected by its offer to acquire Aquila
Hong Kong, May 07, 2014 -- Moody's Investors Service, ("Moody's") says that while Baosteel Group Corporation's (Baosteel) joint bid with Aurizon Holdings Limited (Baa1 stable) to acquire Aquila Resources Ltd (unrated) is credit negative for Baosteel, the bid will not have an immediately impact on Baosteel's A3 issuer rating or stable outlook.