| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Hoang Anh Gia Lai JSC > News item |
S&P cuts Hoang Anh Gia Lai
Standard & Poor's said it lowered the long-term corporate credit rating on Hoang Anh Gia Lai JSC to B- from B.
The outlook is negative.
The agency also said it lowered the rating on the company's senior notes to B- from B, along with the Asean regional scale rating to axB- from axBB-.
The ratings were removed from CreditWatch, where they were placed with negative implications in August.
The company's operating performance and liquidity are likely to remain weak in the next six to 12 months, S&P said.
This is due to the challenging operating conditions for the company's residential property development business, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.