S&P changes China SCE outlook to positive

S&P said it revised the outlook on China SCE Property Holdings Ltd. to positive from stable and affirmed its B long-term corporate credit rating and cnBB- long-term Greater China regional scale rating.

The agency also affirmed the B- long-term issue rating and cnB+ long-term Greater China regional scale rating on China SCE’s outstanding senior unsecured notes.

S&P said it revised the outlook to positive because it believes China SCE’s financial leverage will improve significantly in 2017, due to recovery in the company’s margins. At the same time, China SCE is likely to continue to expand its operating scale, with better geographical diversity and more exposure to higher tier cities, the agency added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.