S&P elevates Regal Forest

Standard & Poor's said it raised its corporate credit rating to BB- from B+ on Regal Forest Holding Co. Ltd. (Unicomer). The outlook remains stable.

S&P said the upgrade of Unicomer reflects its improved capital structure because it has refinanced part of its short-term debt, extending its weighted average maturity to about three years as of Sept. 30, 2015.

“We expect the company to slightly improve this structure in the next 12 months,” S&P said in a news release.

© 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.