S & P Vanke rating outlook from stable to negative – Finance – People’s network-www.semm.com

S & P will Vanke rating outlook from "stable" to "negative" – Finance – people.com.cn August 23rd, rating agency Standard & Poor’s downgraded Vanke rating outlook from "stable" to "negative", while maintaining its BBB+ credit rating. Standard & Poor’s first lowered Vanke’s rating outlook to negative, reflecting its concerns about the relationship between the company’s major shareholders and management may exacerbate fears. P believes that in March 2017 the board of directors of gravity is Vanke a recent risk, the proposal requires the removal of treasure can increase the possibility of re-election after the board of directors of the composition. The new board may change the company’s management, strategy, etc.. If management is replaced, the company’s reputation, strong profitability and good financial discipline will be weakened. The report believes that Vanke’s financial position, sales and stable leverage levels still support the current rating, but if the public controversy continues to upgrade, the negative impact will affect the company’s business and financial. Vanke 2016 semi annual report shows that equity events have a negative impact on the company’s operations. Although the first half of 2016 the company achieved strong growth in sales, but new projects and new cooperation began to slow down, some foreign banks and funds also slow cooperation and bank credit. In August 22nd, the results of the meeting, Yu Liang, President of Vanke rare to attend. On the afternoon of the same day at the meeting in Hongkong, Sun Jiatan, executive vice president of Vanke said, if the development of Vanke equity event to the management of one day due to insurmountable difficulties and choose to leave, I hope you understand. According to media reports, Vanke responded that the company has noticed the S & P report. S & P to maintain the company’s BBB+ credit rating unchanged, the downgrade is the rating outlook. The company will pay close attention to the market reaction after the rating outlook changes, strengthen communication with financial institutions, investors, the company will not have a negative impact on short-term financing." Vanke A yesterday closed down, to close at 23.99 yuan, down 2.87%. Vanke H shares fell 0.50% to close at HK $20. (reporter Chen Yan) (: Prince Yang Xi Hou, commissioning editor)相关的主题文章: