trending Market Intelligence /marketintelligence/en/news-insights/trending/UFAA3zWTFhT3Uo-eTMh0hA2 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 lowers Yanlord Land's issuer credit rating to BB-

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 lowers Yanlord Land's issuer credit rating to BB-

S&P Global Ratings downgraded Yanlord Land Group Ltd.'s long-term issuer credit rating to BB-, with a stable outlook.

The rating agency said Jan. 21 that the downgrade reflects the company's elevated leverage following its acquisition of United Engineers Ltd. It added that, notwithstanding Yanlord Land's expected debt reduction following the deal, it will be difficult for the entity to achieve a prompt recovery in its financial profile commensurate with its original rating.

The downgrade also takes into account an expected deterioration in Yanlord Land's profitability due to the company's exposure to higher market volatility given its niche business focus, Ratings said. It believes Yanlord Land will face increasing margin compression over the next one to two years.

Ratings also noted that the outlook on Yanlord Land was removed from CreditWatch, with negative implications. The stable outlook on the company's ratings reflects the rating agency's expectation that Yanlord Land will focus on controlling leverage over the next 12 months through cash collection from sales and debt reduction.

Ratings said it expects Yanlord Land to achieve faster revenue growth in 2020, compared with 2019, while maintaining satisfactory profitability.

As of Jan. 21, US$1 was equivalent to 6.91 Chinese yuan.

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 here.