S&P: Outlooks for Wanda Commercial, Wanda HK now positive

S&P said it revised its outlooks for Dalian Wanda Commercial Management Group Co. Ltd. and its subsidiary Wanda Commercial Properties (HK) Co. Ltd. to positive from stable.

“We revised the outlook on Wanda Commercial because the company’s business model transition is progressing faster than our previous forecast, leading to a quicker shift to lower volatility in cash flow and leverage over the longer term, said S&P in a press release.

The agency affirmed the BB issuer credit ratings on Wanda Commercial and BB- on Wanda HK. In addition, S&P affirmed the B+ long-term issue rating on the senior unsecured notes that Wanda HK guarantees.

© 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.