- Language: English
- 108 Pages
- Published: January 2012
- Region: China
China SCE Property Holdings Ltd. Jul 11
- Published: July 2011
- Region: China
- Standard & Poors
Small business scale and higher concentration risk than that of peers with a similar rating Aggressive, albeit somewhat moderated, debt funded expansion plan Weak and volatile financial history Established market position in its home base, Quanzhou Low-cost land bank The rating on China SCE Property Holdings Ltd. (CSCE) reflects the company's small scale and high concentration risk, its weak and historically volatile financial metrics, and its aggressive expansion plan for the next three years. The company's established market position in its home city of Quanzhou and its low-cost land bank temper these weaknesses. As of June 2011, all but one of CSCE's completed projects were in Fujian. This exposes the company to higher concentration risk than peers with a similar...
Companies mentioned in this report are: China SCE Property Holdings Ltd.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
SHOW LESS READ MORE >
China SCE Property Holdings Ltd.