Business · Companies · 8 hrs ago

Moody’s raises Peach Property’s rating to B1

Moody’s raises Peach Property’s rating to B1

Moody’s raised Peach Property Group’s rating from B2 to B1 on Tuesday.

Peach Property is a real estate company, and the rating reflects Moody’s view of its creditworthiness.

The agency said the upgrade reflects progress selling non-strategic properties.

It also cited the company’s debt reduction.

Moody’s said performance in Peach Property’s strategic portfolio had improved.

The outlook changed from positive to stable, meaning the agency’s assessment is no longer positive.

The announcement did not give further details about what happens next.

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