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Fitch Revises YUEXIU PROPERTY Outlook to 'Stable', Affirms at 'BBB-'
Recommend
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Positive
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Negative
9
Fitch revised the Outlook on YUEXIU PROPERTY (00123.HK)'s Long-Term Issuer Default Rating (IDR) to Stable, from Negative, and affirmed the rating at 'BBB-'.

Fitch also affirmed at 'BBB-' YUEXIU PROPERTY's senior unsecured rating and the ratings on the medium-term note programme and the notes under the programme issued by Westwood Group Holdings Limited. The programme and notes are guaranteed by YUEXIU PROPERTY.

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The Stable Outlook reflects YUEXIU PROPERTY's demonstrated ability to generate positive cash flow from operations, even during a period of declining contracted sales in 2024.
AASTOCKS Financial News
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