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Moody’s cuts Fantasia, bonds
Moody's Investors Service said it downgraded Fantasia Holdings Group Co., Ltd.’s corporate family rating to B2 from B1 and its senior unsecured bond rating to B3 from B2.
The outlook is stable.
"The downgrade reflects Fantasia's weak sales execution and revenue recognition which have resulted in reduced financial flexibility," Moody's vice president and senior analyst Gerwin Ho said in a news release.
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