Moody's keeps Ba3 rating on Yanlord Land with stable outlook

Singapore

MOODY'S maintained its Ba3 rating on Singapore-listed Yanlord Land Group with stable outlook, citing the developer's adjusted sales execution to meet mass-market demand, an improving land bank distribution, and good access to debt and capital markets.

"The rating also reflects its strong brand and high-quality properties, allowing it to generate above-industry-average margins," the credit agency said.