trending Market Intelligence /marketintelligence/en/news-insights/trending/kgIcmFvnEk_4E2_Y1xgbIA2 content esgSubNav
In This List

S&P affirms ratings on Yango Group, parent

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


S&P affirms ratings on Yango Group, parent

S&P Global Ratings on Oct. 4 affirmed the B long-term issuer credit rating for China-based property company Yango Group Co. Ltd. and its parent Fujian Yango Group Co. Ltd., with a stable outlook.

Yango Group's issuer credit rating is constrained by Fujian Yango's weaker nondevelopment cash flow and profitability, as well as its stand-alone tight liquidity.

The stable outlook takes into account the rating agency's view that Yango Group will control in its spending on land acquisitions while sustaining its debt leverage.

S&P also raised Yango Group's stand-alone credit profile to "b+" from "b" as the company continues to deleverage due to its controlled pace of land acquisitions.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.