trending Market Intelligence /marketintelligence/en/news-insights/trending/NmYFk4HugEvncHbSsoOV9w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Moody's revises Yuexiu REIT outlook on Guangzhou, China, project sale

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Moody's revises Yuexiu REIT outlook on Guangzhou, China, project sale

Moody's revised its outlook on Hong Kong-based Yuexiu Real Estate Investment Trust's Baa3 issuer rating to stable from negative, following an announcement by the company that it will use the majority of the net proceeds generated from the sale of a project in Guangzhou, China, to repay existing debt.

The rating agency also revised its outlook and affirmed the provisional (P)Baa3 senior unsecured rating on Yuexiu REIT MTN Co. Ltd.'s medium-term-note program and the Baa3 senior unsecured rating on the guaranteed medium-term notes issued under the program.

The rating agency said the Guangzhou project sale represents the REIT's commitment to reduce leverage. The rating agency believes the sale proceeds will decrease leverage, assessed by adjusted net debt/EBITDA, to 8.8x and 8.7x in 2019 and 2020, respectively, from about 9.9x for the year ended June 30.

Moody's also expects any cash flow loss due to the asset sale to be compensated through strong expected operating cash flows from its remaining properties over the next 12 to 18 months.