S&P changes Wanhua Chemical view

S&P said it revised its outlook on Wanhua Chemical Group Co. Ltd. to positive from stable.

At the same time, the agency affirmed the BBB- long-term issuer credit on the company.

S&P said the revision mainly reflects a view that Wanhua will continue to expand its operating scale and business diversity, supported by the successful ramp up of its new petrochemical facilities, and further investments in China and the United States.

The agency said it also expects the parent company's business restructuring plan–if approved by the relevant authorities–could boost Wanhua's scale and geographic diversity.

© 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.