S&P changes Wanda Commercial view

S&P said it revised its outlook on Dalian Wanda Commercial Management Group Co. Ltd. and Wanda Commercial Properties (Hong Kong) Co. Ltd. (Wanda HK) to stable from negative.

At the same time, the agency affirmed the BB long-term issuer credit rating on Wanda Commercial and the BB- long-term issuer credit rating on Wanda HK.

S&P also affirmed the B+ long-term issue rating on the senior unsecured notes that Wanda HK guarantees.

“We revised the outlooks because we believe Wanda Commercial's offshore liquidity situation has improved significantly,” the agency said in a news release.

S&P said it affirmed the ratings on both entities because it expects Wanda Commercial to maintain a degree of financial discipline, such that its financial leverage will remain at 4.5x-5.0x over the next one to two years.

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