S&P shifts KWG view to stable

S&P said it revised KWG Group Holdings Ltd.’s outlook to stable from and affirmed its B+ issuer and B senior unsecured notes ratings.

“KWG is likely to maintain financial prudence over the next 12-24 months, with disciplined land acquisitions and better cash management. This is on the back of the company's shift in focus on pursuing higher-quality growth and better capital efficiency rather than on chasing scale. We believe the change would result in moderate debt growth and a gradual restoration of its high leverage level over the next two years,” the agency said in a press release.

© 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.