Gemdale Corporation -- Moody's assigns Ba3 to Gemdale's proposed bond; outlook stable (Simplified Chinese translation)
/nwsys/www/images/PBC_147158 ??? ??? – ????? ????? Moody's Investors Service Hong Kong Ltd. ????????? ??? 88 ? ?????? 24 ? ???? (??):852.3758.1350 ???? (??):852.3551.3077 ??? ????? – ???? ????? ???? (??):852.3758.1350 ???? (??):852.3551.3077 ??????: Moody’s Investors Service Hong Kong Ltd. ????????? ??? 88 ? ?????? 24 ? ???? (??):852.3758.1350 ???? (??):852.3551.3077 ??? ????????? 1 ??????????? Ba3 ???;???? ? (?????????????????,???????) ??, 2012 ? 11 ? 7 ?—????????????????????? ??????? Ba3 ??????????? ????,??????(??)?????? Ba1 ????????? ???????? Ba3 ???????????????????? Ba3 ?????????? ??????????? ???????????????,???????????????? ???????????????????????????? 12 ??? ????? ????????????????? ???? ????? /??????????:“???????????????? ????????,???????????????” ??????:“???????,???????????????, ??????????????????? B2 ???????????? ???????? /???????? 60%-70%(???????), EBITDA/??????? 1.5 ??”????????????????? ????????????????? /????????? ??? B2 ???????????????????????? ?????: “??,?????????????????,????? ??????” ????????? 2 ?? Ba3 ??????????? B2 ???????,???????? ??????????????????? ??????????? (1)?????? 100%??;(2)??????? ???????;?? (3)????????????,???????? ??????? ??? B2 ?????????????????:???? 6 ???? 13 ???,???????????? 300 ????,???????? ??? 30 ?????,????? 6 ??????????,????? ????????????? ????,?? Ba1 ??????????????????????? ?????????? 2008 ?? 2011 ??????????????? ????? 2008 ?? 2011 ?????????????? 17%? 9%?? ??? 20 ?????? 70 ???,???????????????? ??????????? ???????????????????????????????? ??????????????????????,????????? ???????????????????????????????? ?,???????????????????????,?????? ???? ?????????????????,???????????,?? ?? 2012 ? 6 ? 30 ?????????? 190 ??,???????? ? 120 ???????? ?????????????????????? Ba ???????,? ??? 1,900 ??????????????????????????? ??? 5 ?????? ??,????????????? 6 ??????? 4 ?(????? ? CEO)??????? 20 ???? ????????????????????????????,??? ?????????? ???????,????????????????: (1) ?????? ??????,?????? /?????????????;?/?(2) ? ????????? 3 ???????????????????,?????????,?? ??? /????????? 65%-70%,? EBITDA/???????? 1 ? -1.5 ?? ????? 1 ????????? 40%,?????????,???? ????? ??,????????????????????,???????? ??,??????????? ????,????????,????????????: (1)???? ????????; (2)????????,???????????;(3) ???????? ????????????????????:?????????,? ???? /??????? 50%??,?? EBITDA/????????? 3 ???? ??(??)?????????????????????????? ??? 2009 ? 3 ????«????????????»(Global Homebuilding Industry)?????????,??? www.moodys.com ?“? ??? ”?? ??(??)???????????,?????????????? ????????? 1988 ???,? 2001 ???????????? ?????????? 1995 ??????,???(??)?????? ?????????????????????,?????????? ??????????????????????,????????? ????????????????????????? ???? ???????????????????????????????, ???????????(??: One Canada Square, Canary Wharf, London E 14 5FA, UK)???????????? Regulation (EC) No 1060/2009 ? 3 ?? 4 ?????? ?????????????????????? ???????????,??? www.moodys.com? ????????? 4 ??????????????????????,????????? ????????????????????(?????????,? ???????????)???????????????????? ???????,???????????????????????? ??,????????????????????????????? ????????,?????????????????????? ?,??????????????????????,??????? ?,?????????????????????????????? ?????? www.moodys.com ???/?????????? ????????????????????,??????????? ???? ????????????????????:??????????? ???????????????????? ???????????????????????????????? ????????? ???????????,???????????????????? ????,?????????????,??(???)?????? ????????????,??????????????????? ????????????? ?????????????,??? www.moodys.com ??????? (A) ?? MCO ?????( 5% ??)???,?(B) ?? MCO ???? ????????????????????,?? (C) ?? MIS ???? ???????????????? MCO ?? 5% ????????? ?,??? www.moodys.com ???????????????????? ??????( Moody’s Corporation)?????????,?????? ?????????? ???????????????????????????,??? www.moodys.com ?????????????????? ???????????????,??? www.moodys.com ????/? ?????????? ????????? 5 ???????????????????????????????? ??????,???????????,????????????? ???????????????????????????????? ?? www.moodys.com ??????? ??????????????????????????????,? ?? www.moodys.com? Moody’s Investors Service Hong Kong Ltd. ????????? ??? 88 ? ?????? 24 ? ???? (??):852.3758.1350 ???? (??):852.3551.3077 -?- ????????? 6 © 2012,?????????(Moody’s Investors Service, Inc.)?/??????????,?????“??” ( MOODY’S)?????,????? ????????? (“MIS”)???????????????????????????????????? ???????????,??????????????( “?????”)??????????????? ????????????????????????????????????????????????? ?????,?????????????????????????????????,??????:?? ????????????????????????????????????????????????? ???????????????????????,????????????????????????? ????????,???????????????????????????????????????? ????????????????,???????????????????????????????? ???????? ???????????? (?????????)??,??????????,????????????? ??????????????????????????????????????????????,?? ????????????????????????????????????????????????? ????????????????,?????? “???”???,?????????????????? ????,????????????????????????,?????????????,??(?? ?)??????????????????,???????????????????????????? ????????????,??( a)??????????????????????????????? ???????(???????)??????????(?????????????????????? ????????)???????????????????????,?( b)???????????? ??????????????(???????????),??????????,?????????? ??????????????????,?????????????????????????????? ??????????????????????(???)??????????????,??????? ????????????????????????????????????????????????? ????????????????????????????????????????????????? ?????????????????????????? ?? (????(MCO)?????????????)????,????????????(???????? ?????????????)?????????????????,????????????????? ?????????,?????? $1,500 ??? $2,500,000 ???????(MCO)???(MIS) ?????? ??,??? MIS ????????????MCO ??????????????? MIS ????????? ????????????? MCO ?? 5% ???????????????????,????????? ?????? www.moodys.com“???? — ???? — ?????????” ?????? ?????????????????????? Moody’s Investors Service Pty Limited ABN 61 003 399 657 ??, ???????????????,??? 336969????????? 2001 (Corporations Act 2001)? 761G ?? ?????????????????????????,?????????,???? ”????”,??? ?? ”????”????????,???????????????????? 2001 (Corporations Act 2001)? 761G ?????”????” ?????????? ???????, Moody’s Japan K.K.(“MJKK”)? 2010 ? 10 ? 1 ????????????? MJKK ????? ????????????????????????????????,??? “??”(MIS)????? “MJKK”??? MJKK ? Moody's Group Japan G.K.??????????????,? Moody's Group Japan G.K.?????? (MCO)???????? Moody’s Overseas Holdings Inc.????? ??????????????????????????,?????????????????????? ???????????????????????????????,????????????,???? ????????????? ]]>
