Moody's assigns provisional (P)Ba3 to Greenland Hong Kong's proposed perpetual capital securities - Moody's Global Credit Research

Moody's assigns provisional (P)Ba3 to Greenland Hong Kong's proposed perpetual capital securities

Moody's assigns provisional (P)Ba3 to Greenland Hong Kong's proposed perpetual capital securities - Moody's Global Credit Research
Moody's assigns provisional (P)Ba3 to Greenland Hong Kong's proposed perpetual capital securities
Published Jul 20, 2016
Published Jul 20, 2016
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Greenland Holding Group Company Limited , Greenland Hong Kong Holdings Limited
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Greenland Holding Group Company Limited: Update to key credit factors - Credit Opinion – 2016/11/29 – US$ 250.00 – ...Greenland Holding Group Company Limited's Ba1 corporate family rating reflects the company's track record of delivering strong growth for its property development business and establishing leading market positions in key markets owing to its highly diversified geographical coverage in China (Aa3 negative). The company's rating also considers its ability ¡ through diversified property product lines, including various types of residential and commercial properties ¡ to manage market volatility. Another important rating driver is Greenland Holding's strong ability to access funding and acquire land due to its status as a local state-owned enterprise (SOE), as well as its strong corporate status in Shanghai, given its important role in the urbanization of the city. A key constraint on Greenland Holding's rating is its debt-funded growth strategy, which has resulted in high debt leverage and weak credit metrics. In addition, its rating is also tempered by its volatile non-property businesses....

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MLA:
Moody's Global Credit Research. "Moody's assigns provisional (P)Ba3 to Greenland Hong Kong's proposed perpetual capital securities" Jul 20, 2016. Alacra Store. Mar 28, 2024. <http://www.alacrastore.com/moodys-credit-research/Moody-s-assigns-provisional-P-Ba3-to-Greenland-Hong-Kong-s-proposed-perpetual-capital-securities-PR_352215>
  
APA:
Moody's Global Credit Research. (). Moody's assigns provisional (P)Ba3 to Greenland Hong Kong's proposed perpetual capital securities Jul 20, 2016. New York, NY: Alacra Store. Retrieved Mar 28, 2024 from <http://www.alacrastore.com/moodys-credit-research/Moody-s-assigns-provisional-P-Ba3-to-Greenland-Hong-Kong-s-proposed-perpetual-capital-securities-PR_352215>
  
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