Moody's: Upgrades New Oriental (09901.HK) issuer rating to "Baa2", outlook revised to "stable"

On October 16, Moody's upgraded the issuer rating of New Oriental Education & Technology Group Inc. (referred to as "New Oriental", 09901.HK, EDU.US) from "Baa3" to "Baa2", and changed the outlook from "positive" to "stable".