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Prospect News home > News index > List of issuers S > Headlines for Sunac China Holdings Ltd. > News item |
Fitch gives BB- to Sunac China notes
Fitch Ratings said it assigned Sunac China Holdings Ltd.’s (BB-/rating watch negative) proposed dollar-denominated senior notes a BB-(EXP) expected rating on negative watch.
The proposed notes, to be issued by Sunac, are rated at the same level as its senior unsecured rating because they will represent the company's direct and senior unsecured obligations.
Fitch said the rating is supported by Sunac's large scale and position among the top-10 Chinese homebuilders by contracted sales as well as its fast-churn business model.
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