Moody's: Lend Lease needs to issue new shares to save credit rating

01/27/2010 | Bloomberg

Moody's Investors Service senior analyst Clement Chong believes if Lend Lease Group sells new shares, it could keep its credit rating from sliding to junk status. Lend Lease's credit rating was placed on review Dec. 16 after the company won several projects. That is good for Lend Lease, Chong says. "The question is how they'll fund the projects," he said.

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