|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Lai Fung Holdings Ltd. Rating Not Immediately Affected By New Investment Plan In Hengqin Sep 11
Standard & Poors, Sep 2011
Abstract
HONG KONG (Standard & Poor's) Sept. 20, 2011--Standard & Poor's Ratings Services said today that its rating on Lai Fung Holdings Ltd. (B+/Negative/--; cnBB-/--) is not immediately affected by the company's plan to develop a cultural city project in Guangdong province, China. The proposed transaction is at a preliminary stage. We will assess the likely impact of the project when more details are available. Given the large scale of the project relative to Lai Fung's asset size, the impact on its capital structure and liquidity could be material. Execution risk would also be high, given Lai Fung's limited record of developing such large and complex projects, and its small capital base. The company estimates the total investment for the project,...
Companies mentioned in this report are: Lai Fung Holdings Ltd.
Action: Bulletin
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
