- Language: English
- Published: November 2011
Evergrande Real Estate Group Ltd. May 11
- ID: 1810587
- May 2011
- Standard & Poors
Aggressive growth appetite and debt-funded expansion Short operating and financial management track record Cyclical and competitive industry with evolving regulations Large, low cost, geographically diversified land bank Competitively priced products; good cost controls Large scale; good execution due to standardized operations The rating on Evergrande Real Estate Group Ltd. reflects the company's volatile and weak credit ratios, its aggressive growth and debt appetite, and its short operating and financial management track record. The company's operating environment, which is cyclical and competitive with evolving regulations, also constrains the rating. These weaknesses are tempered by the company's large, low-cost, and geographically diversified land bank, competitively priced products, and good execution because of standardized operations. Evergrande develops large-scale residential housing projects in second-...
Companies mentioned in this report are: Evergrande Real Estate Group Ltd.
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