S&P rates Wanda Group B+

S&P said it assigned its B+ long-term issuer credit rating to Wanda Group Co. Ltd. The outlook is stable.

Wanda Group is the key operating subsidiary of Wanda Holdings Group Co. Ltd., which is a privately owned company based in Shandong, China, with businesses in refinery, chemicals, tires, cables, and electronics.

“Our rating reflects our view that Wanda Group is a core subsidiary of Wanda Holdings. We expect Wanda Holdings' geographical diversity and refinery scale to remain limited over the next two years. We also anticipate that the company's leverage will increase during this time due to its debt-funded capacity expansion,” 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.