S&P revises eHi Car view to negative

S&P said it revised the outlook for eHi Car Services Ltd. to negative from stable and affirmed the B+ ratings on the company and its senior unsecured notes.

“We revised the outlook on eHi because the company's operating performance is likely to remain soft over the next three months owing to a slower recovery in demand than we expected following the Covid-19 outbreak. This could put pressure on the company's covenant headroom and credit metrics,” said S&P in a press release.

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