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Prospect News home > News index > List of issuers E > Headlines for ENN Energy Holdings Ltd. > News item
Published on 9/13/2019 in the Prospect News Emerging Markets Daily.

S&P puts ENN Energy ratings on CreditWatch negative

S&P said it placed the ratings for ENN Energy Holdings Ltd. on CreditWatch with negative implications, citing a proposed ownership reorganization.

ENN Ecological seeks to buy 32.8% of ENN Energy from the chairman.

“We placed the ratings on CreditWatch because the proposed change in ownership in ENN Energy is likely to have a negative impact on the company's credit profile. In our view, the prospective new controlling shareholder, ENN Ecological, has a weaker credit profile than ENN Energy’s,” S&P said in a press release.


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