S&P rates GLP China BBB

S&P said it assigned its BBB long-term issuer credit rating to GLP China Holdings Ltd.

The outlook is stable.

The agency said the rating on GLP China reflects a view of the company's status as a core subsidiary of GLP Pte. Ltd. (BBB/stable/--).

“We equate the rating on GLP China with that on GLP. Changes in our assessment of GLP China's bbb stand-alone credit profile (SACP) are unlikely to affect the rating,” S&P said in a news release.

“We believe GLP is highly committed to support GLP China if needed, given their strong strategic, operational and managerial linkages.”

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