03.06.2014 12:13:00

China Metallurgical Group Corporation -- Moody's: CMGC's disposal of stake in Jinmingcheng in Nanjing is credit positive

Hong Kong, June 03, 2014 -- Moody's Investors Service says that China Metallurgical Group Corporation's (CMGC) disposal of its equity interest in Jinmingcheng Real Estate in Nanjing is credit positive for CMGC and supports its Baa3 corporate family rating, as well as the Ba1 guaranteed bond rating for its subsidiary, MCC Holding (Hong Kong) Corporation Limited.

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