S&P trims Guorui Properties view to negative

S&P said it revised its outlook on Guorui Properties Ltd. to negative from stable and affirmed the B long-term corporate credit rating on the company.

S&P said it also affirmed its B- long-term issue rating on Guorui's outstanding senior unsecured notes.

“We revised the outlook on Guorui to reflect the company's weakening liquidity, stemming from its larger land acquisitions than we expected in 2017,” S&P said in a news release.

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