|Expense Ratio (net)||N/A|
|Last Cap Gain||N/A|
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|Beta (5Y Monthly)||N/A|
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Moody's Investors Service says in a newly released report that absolute spending in department stores in China has stabilized, likely growing year-on-year by 0.3% in 2019 and 0.1% in 2020, after declining by low single-digit percentages from 2014-16. "Department stores in China were slow to respond to increased competition from fast-growing online retailers," says Shawn Xiong, a Moody's Assistant Vice President and Analyst. Shoppers have been drawn to department stores that have changed their store formats and product mixes.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Golden Eagle Retail Group 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 upgraded Golden Eagle Retail Group Ltd's corporate family rating (CFR) to Ba2 from Ba3. Moody's has also upgraded Golden Eagle's senior unsecured debt ratings to Ba3 from B1. "Golden Eagle's Ba2 corporate family rating reflects our expectation that the company can sustain its improved core retail operations and disciplined capital expenditure, which have improved its credit metrics over the past year," says Danny Chan, a Moody's Assistant Vice President and Analyst.
Moody's Investors Service has upgraded Golden Eagle Retail Group Ltd's corporate family rating (CFR) to Ba3 from B1. Moody's has also upgraded Golden Eagle's senior unsecured debt ratings to B1 from B2. ...