S&P changes Easyhome view to negative

S&P said it revised its outlook on Beijing Easyhome Investment Holdings Group Co. Ltd. to negative from stable and affirmed its BB+ ratings on the company and its guaranteed senior unsecured notes.

The coronavirus outbreak's hit to consumer demand presents an unprecedented test for China's furnishing shopping mall operators. “We expect Beijing Easyhome Investment Holding Group Co. Ltd. (Easyhome) to see income loss and weakening performance due to rent concessions and the closure of malls for one month,” said S&P 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.