Bangkok--29 Nov--Moody's
Moody's has withdrawn Giti Tire's rating for its own business reasons.
Moody's currently does not rate any debt issued by Giti Tire. The rating withdrawal does not reflect a change in Giti Tire's creditworthiness.
Please refer to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings, available on its Web site, www.moodys.com.
Giti Tire Company Ltd is one of the largest tire manufacturers in China.
It is a private company, ultimately owned by the Liem family, which has a Singaporean-Indonesian background. It also owns 49.7% in PT Gajah Tunggal TBK (B3/Stable), an Indonesian tire producer.
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Jiming Zou
Analyst
Corporate Finance Group
Moody's Investors Service Hong Kong Ltd.
24/F One Pacific Place
88 Queensway
Hong Kong
China (Hong Kong S.A.R.)
JOURNALISTS: (852) 3758 -1350
SUBSCRIBERS: (852) 3551-3077
Gary Lau
MD - Corporate Finance
Corporate Finance Group
JOURNALISTS: (852) 3758 -1350
SUBSCRIBERS: (852) 3551-3077
Releasing Office:
Moody's Investors Service Hong Kong Ltd.
24/F One Pacific Place
88 Queensway
Hong Kong
China (Hong Kong S.A.R.)
JOURNALISTS: (852) 3758 -1350
SUBSCRIBERS: (852) 3551-3077