S&P lifts Fosun view to stable

S&P said it revised the outlook on Fosun International Ltd. to stable from negative.

The agency also said it affirmed the BB long-term corporate credit rating on Fosun and all outstanding senior notes that Fosun guarantees.

S&P also said it raised the long-term Greater China regional scale rating on Fosun and the notes to cnBBB- from cnBB+.

The outlook was revised to stable from negative because the company's leverage improved materially, S&P said.

The ratings reflect the company's fair business risk profile, significant financial risk profile and an adequate liquidity position, the agency said.

The ratings also consider the company's large unlisted investments, fair credit quality of invested companies and well-diversified investment portfolio, S&P said.

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