YHD - YHD Delayed Price. Currency in USD
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  • Moody's

    ENN Clean Energy International Investment Ltd -- Moody's: ENN Ecological's weaker 1H 2019 results have no rating impact

    Moody's Investors Service says that ENN Ecological Holdings Co., Ltd's 1H 2019 results were weaker than expected, but have no immediate impact on its Ba2 corporate family rating and the Ba2 rating of the senior unsecured ratings notes issued by ENN Clean Energy International Investment Limited and guaranteed by ENN Ecological. "ENN Ecological's earnings for 1H 2019 were slightly weaker than expected, primarily as a result of volatility in methanol prices," says Chenyi Lu, a Moody's Vice President and Senior Credit Officer. ENN Ecological's debt leverage -- as measured by adjusted debt/EBITDA -- remained unchanged at 4.1x for the 12 months ended 30 June 2019 from 2018, as softer earnings were offset by a decrease in debt.

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