14.04.2014 10:54:00

Sparkle Assets Limited -- Moody's continues to review Fosun for downgrade

Hong Kong, April 14, 2014 -- Moody's Investors Service says it will continue to review for downgrade the Ba3 corporate family rating and B1 senior unsecured rating of Fosun International Limited, and B1 rating on senior unsecured bond issued by Sparkle Assets Limited, following Fosun's announcement on April 9 of a rights issue to raise around HKD4.86 billion to HKD 5.16 billion of new equity funding.

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