Moody's: First assigned China Postal Express & Logistics Co., Ltd. -W (02057.HK) an "A3" issuer rating outlook as "stable"

On February 4, Moody's first granted ZTO Express (Cayman) Inc. (referred to as "ZTO Express-W" 02057.HKZTO.US) an "A3" issuer rating and awarded its proposed convertible bonds with an "A3" senior unsecured rating. The rating outlook is stable.