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10.06.2016 12:02:00
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Geely Automobile Holdings Limited -- Moody's: Geely faces credit-positive effect from its acquisition of factories from parent
Hong Kong, June 10, 2016 -- Moody's Investors Service says that Geely Automobile Holdings Limited's (Ba2 stable) proposed acquisition of two new factories in Baoji and Jinzhong from parent Zhejiang Geely Holding Group Company Limited (unrated) is -- once it completes -- credit positive, but will have no immediate impact on its Ba2 corporate family and senior unsecured bond ratings.
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