trending Market Intelligence /marketintelligence/en/news-insights/trending/nEGdze7KSLCNZJ02dZAjVQ2 content esgSubNav
In This List

S&P affirms China Aoyuan ratings, changes outlook

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet

Blog

Insight Weekly: Stocks limp into 2023; GCC banks set for rebound; deep-sea mining faces pushback

Infographic

Infographic: The Big Picture 2023 Sustainability Outlook

Blog

The Big Picture for 2023: Assessing Investment Trends and the Impact of Investor Activism


S&P affirms China Aoyuan ratings, changes outlook

S&P Global Ratings affirmed its B+ long-term issuer credit rating and changed the outlook to positive from stable on China Aoyuan Group Ltd.

The B long-term issuer rating on the Chinese developer's outstanding senior unsecured notes was also affirmed.

The rating agency said the outlook revision is due to its expectation that China Aoyuan's leverage will continue on its downward trajectory in the next 12 to 24 months, thanks to its steady sales expansion with controlled debt growth. The change also takes into account expectations that the company's land acquisition will be carried out at a conservative fashion.

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.