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S&P withdraws Golden Wheel Tiandi Holdings rating

S&P Global Ratings withdrew its rating on Chinese property developer Golden Wheel Tiandi Holdings Co. Ltd. at the company's request.

The developer held a long-term issuer credit rating of B with a stable outlook.

The rating reflected S&P's view of the company's high project and geographic concentration from property development and metro mall projects in China's Jiangsu province.

The stable outlook reflected the rating agency's expectation that the company would maintain financial discipline and demonstrate a conservative appetite for growth over the next two years.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings documents referred to in this news brief can be found here.