Brief: S&P Says Dexin China Outlook Revised To Negative, 'B' Rating Affirmed

Dexin China Holdings

04/11/2021 02:51

Nov 3 (Reuters) - S&P:
    * S&P SAYS DEXIN CHINA OUTLOOK REVISED TO NEGATIVE WITH
WEAKENING
CHINA PROPERTY MARKET HINDERING DELEVERAGING; 'B' RATING
AFFIRMED
    * S&P - NEGATIVE OUTLOOK REFLECTS SLOWDOWN IN SALES AMID
TOUGH
OPERATING CONDITIONS IN CHINA MAY AFFECT DEXIN'S LEVERAGE
IMPROVEMENT
    * S&P - BELIEVE DEXIN CHINA'S CONTRACTED SALES WILL REMAIN
WEAK
GIVEN FALLING PROPERTY DEMAND IN CHINA

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