Moody's: China non-property companies' credit profiles improve due to stabilizing commodity prices

The US based ratings agency, Moody’s Investor Service, is out with a latest report, citing that China non-property companies' credit profiles improve moderately due to stabilizing commodity prices.

Key Quotes:

"Stabilizing prices in the oil & gas, metals and cement sectors have helped improve the credit profiles of Moody's-rated companies in these industries"

"By contrast, steel and bulk chemical companies remain under pressure because of oversupply"

"As for the food & beverage and specialty chemicals sectors, revenue pressure has eased, although gradual increases in input prices will reduce operating profitability."