|Bid||3.4700 x 0|
|Ask||3.4800 x 0|
|Day's Range||3.2300 - 3.5800|
|52 Week Range||2.5100 - 7.7000|
|Beta (5Y Monthly)||0.97|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 30, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jul 05, 2019|
|1y Target Est||27.00|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Tahoe Group Co., Ltd and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Moody's Investors Service has downgraded the corporate family rating (CFR) of Tahoe Group Co., Ltd to Caa3 from Caa1. "The downgrade reflects Tahoe's tightening liquidity position and elevated refinancing risk, given its sizeable upcoming debt maturities and operating challenges over the next 12-18 months," says Danny Chan, a Moody's Assistant Vice President and Analyst. Moody's estimates Tahoe's debt repayment risk remains elevated as it will need to address a large amount of upcoming maturities.
Moody's Investors Service has downgraded to Caa1 from B3 the corporate family rating (CFR) of Tahoe Group Co., Ltd (Tahoe). At the same time, Moody's has downgraded to Caa2 from Caa1 the backed senior unsecured rating on the notes issued by Tahoe Group Global (Co.,) Limited and unconditionally and irrevocably guaranteed by Tahoe. "The downgrade reflects our concerns that weakening economic conditions will elevate Tahoe's refinancing risk, given its material amount of debt maturities over the next 12-18 months," says Josephine Ho, a Moody's Vice President and Senior Analyst.