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Fitch Revises YUEXIU PROPERTY Outlook to 'Stable', Affirms at 'BBB-'
Recommend 6 Positive 7 Negative 9 |
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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. 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 Website: www.aastocks.com |
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