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Renhe Commercial Holdings Co. Ltd. Ratings Placed on CreditWatch Negative On Heightened Receivable Counterparty Risk Dec 11 Product Image

Renhe Commercial Holdings Co. Ltd. Ratings Placed on CreditWatch Negative On Heightened Receivable Counterparty Risk Dec 11

  • Published: December 2011
  • Standard & Poors

Abstract
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

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 READ MORE >

Renhe Commercial Holdings Co. Ltd.

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