Xinjiang Guanghui Industry Inv. Gr. Co., Ltd -- Moody's withdraws Guanghui Group's rating for business reasons

Rating Action: Moody's withdraws Guanghui Group's rating for business reasonsGlobal Credit Research - 19 Jan 2022Hong Kong, January 19, 2022 -- Moody's Investors Service has withdrawn the B2 corporate family rating of Xinjiang Guanghui Industry Inv. Gr. Co., Ltd. The outlook prior to the withdrawal was negative.RATINGS RATIONALEMoody's has decided to withdraw the rating for its own business reasons. Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.COMPANY PROFILEXinjiang Guanghui Industry Inv. Gr. Co., Ltd (Guanghui Group) is a private company that operates in three key segments, namely auto dealership, energy and real estate.REGULATORY DISCLOSURESFor any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.The rating has been disclosed to the rated entity or its designated agent (s) and issued with no amendment resulting from that disclosure.This rating is solicited. 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