trending Market Intelligence /marketintelligence/en/news-insights/trending/r0BMhQ6Z_D25ScfwMRFeeg2 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

S&P revises outlooks on China's Greenland Holdings, unit to positive

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

Segment

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


S&P revises outlooks on China's Greenland Holdings, unit to positive

S&P Global Ratings revised its outlooks on Greenland Holdings Corp. Ltd. and unit Greenland Hong Kong Holdings Ltd. to positive from stable and affirmed the companies' ratings.

The rating agency on Oct. 11 said it affirmed its BB long-term issuer credit rating on Greenland Holdings, BB- long-term issuer credit rating on Greenland Hong Kong and BB- long-term issue rating on the outstanding senior unsecured notes guaranteed by Greenland Holdings.

The outlook revision reflects Greenland Holdings' prudent approach to debt-funded expansion that resulted in faster deleveraging than Ratings' expectations. Further, the Chinese real estate development company's earnings growth and positive cash generation will likely support further deleveraging over the next 12 to 18 months, the rating agency said.

The agency said it expects Greenland Holdings' land spending at between 25% and 30% of contracted sales in 2019 and 2020.

Greenland Hong Kong's positive outlook indicates its strategic importance to the parent company. Greenland Holdings is expected to remain the controlling shareholder of Greenland Hong Kong, with a control on the its management and strategy.

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 in the sources section.