- Language: English
- Published: January 2013
Renhe Commercial Holdings Co. Ltd. Ratings Placed on CreditWatch Negative On Heightened Receivable Counterparty Risk Dec 11
- Published: December 2011
- Standard & Poors
Renhe's cash flow is likely to weaken in the next six to 12 months due to heightened receivable counterparty risk. A recent delay in receivable payments highlights the risks surrounding the business model of the China-based underground shopping mall developer and operator. We are placing our 'BB-' long-term corporate credit rating and the 'cnBB+' Greater China scale credit rating on Renhe on CreditWatch with negative implications. We are also placing our 'BB-' issue rating and the 'cnBB+' Greater China scale credit rating on the company's senior unsecured notes on CreditWatch with negative implications. HONG KONG (Standard & Poor's) Dec. 14, 2011--Standard & Poor's Ratings Services said today that it had placed the following ratings on CreditWatch with negative implications: the...
Companies mentioned in this report are: Renhe Commercial Holdings Co. Ltd.
Action: On CreditWatch:Negative
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Research type: News
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Renhe Commercial Holdings Co. Ltd.
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