Fitch changes Beijing Capital Group view

Fitch Ratings said it revised Beijing Capital Group Co. Ltd.'s outlook to stable from negative and affirmed its long-term foreign and local currency issuer default ratings at BBB.

The agency also affirmed the senior unsecured rating at BBB.

Fitch said it revised the outlook to reflect the expected improvement in the company’s financial profile from the sales at its Lightyear City Project and stable dividend income from its core subsidiaries.

© 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.