20.05.2016 08:31:00
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KUKA AG -- Moody's: Midea Group's takeover bid for Germany's KUKA has no rating impact
Hong Kong, May 20, 2016 -- Moody's Investors Service says that Midea Group Co., Ltd.'s announcement of its intention to take over KUKA AG (Ba2 positive), a German robot supplier, is credit negative for Midea, but will not immediately affect Midea's A3 issuer rating.