trending Market Intelligence /marketintelligence/en/news-insights/trending/G7zX7lvZSBRgyGIVNpABnw2 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.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In This List

Fitch downgrades Greenwood Sejahtera amid heightened liquidity risk

Credit Analytics Case Study Poundworld Retail Ltd

Segment

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

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview


Fitch downgrades Greenwood Sejahtera amid heightened liquidity risk

Fitch Ratings downgraded the national long-term rating of PT Greenwood Sejahtera Tbk to BB-(idn) from BB(idn), citing heightened liquidity risk due to the company's inability to sell units at its two projects in Indonesia.

The rating agency also noted that its negative outlook for the Indonesian property developer reflects the likelihood of a further downgrade in the company's ratings if ever it fails to improve its liquidity in the short term.

Fitch expects Greenwood Sejahtera's EBITDA will remain at more than 1x interest expense in 2019 and 2020.