...The rating affirmation of Dalian Wanda Commercial Management Group Co., Ltd.'s (Wanda Commercial) Issuer Default Rating (IDR) reflects its Standalone Credit Profile (SCP) of 'cc', which is at the same level as the consolidated profile of its 44% parent, Dalian Wanda Group (Wanda Group), in line with Fitch's Parent and Subsidiary Linkage (PSL) Rating Criteria. Both entities' ratings are constrained by their tight liquidities. Fitch Ratings believes Zhuhai Wanda Commercial Ltd.'s proposed new financing plan, along with other asset disposal arrangements, can help Wanda Commercial address its short-term maturities. However, these plans are subjected to execution risks and timing uncertainties. Fitch also rates Wanda Commercial Properties (Hong Kong) Co. Limited's (Wanda HK) based on our PSL criteria. Wanda HK's and Wanda Commercial's IDRs are the same because we assess their SCPs as being equal and reflecting very high credit risk. Wanda HK is Wanda Commercial's fully owned sole offshore financing...
