Moody's downgrades Sinic to Caa2; reviews rating for further downgrade (Chinese)

Moody's withdraws Sinic's rating for business reasons (Simplified Chinese translation) - Rating Action – 2021/12/06 – US$ 180.00 – ...

Moody's withdraws Sinic's rating for business reasons - Rating Action – 2021/12/03 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Moody's downgrades Sinic to Ca; outlook negative (Chinese) - Rating Action – 2021/10/19 – US$ 180.00 – ¬ 2021 (Moody's Corporation) (Moody's Investors Service, Inc.) Moody's Analytics, Inc./("") / "" "" Moody's Analytics, Inc / () (benchmark) "" () (a) (b) ( ) ("MCO") () 1,000 2,700,000 MCO MCO MCO...

Moody's downgrades Sinic to Ca; outlook negative - Rating Action – 2021/10/13 – US$ 180.00 – ASSESSMENT, OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY MOODY'S IN ANY FORM OR MANNER WHATSOEVER. Moody's Investors Service, Inc., a wholly-owned credit rating agency subsidiary of Moody's Corporation ("MCO"), hereby discloses that...

Sinic Holdings (Group) Company Limited: Update following rating downgrade and review for further downgrade - Credit Opinion – 2021/09/28 – US$ 250.00 – ...All ratios are based on adjusted financial data and incorporate Moody's global standard adjustments for non-financial corporations. Sources: Moody's Financial MetricsTM and Moody's Investors Service estimates...

Moody's downgrades Sinic to Caa2; reviews rating for further downgrade - Rating Action – 2021/09/23 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Sinic Holdings (Group) Company Limited: Update to credit analysis - Credit Opinion – 2021/06/30 – US$ 250.00 – ...Sinic Holdings (Group) Company Limited's (Sinic) B2 corporate family rating (CFR) reflects the company's leading market position in property development in Nanchang city in Jiangxi province and Huizhou city in Guangdong province; strong sales in its key markets; and good liquidity, which is supported by a fast asset turnover business model. However, the rating is constrained by Sinic's geographic concentration and exposure to execution risks because of its rapid expansion beyond its core markets; its relatively short operating history; and its developing funding access, which constrains financing flexibility. The B2 CFR also takes into account Sinic's historically volatile credit metrics. While the metrics improved in the last two years, driven by high revenue growth in 2019-20 because of concentrated project delivery, we expect the company's metrics to moderate over the next 12-18 months driven by moderate debt growth against flattish revenue expectation....

Sinic Holdings (Group) Company Limited: Update to credit analysis - Credit Opinion – 2020/11/13 – US$ 250.00 – ...Sinic Holdings (Group) Company Limited's (Sinic) B2 corporate family rating (CFR) reflects the company's leading market position in property development in Nanchang city in Jiangxi province and Huizhou city in Guangdong province; strong sales in its key markets; and good liquidity, which is supported by a fast asset turnover business model. However, the rating is constrained by Sinic's geographic concentration and exposure to execution risks because of its rapid expansion beyond its core markets; a relatively short operating history; and a developing funding access, which constrains financing flexibility. The B2 CFR also takes into account Sinic's historically volatile credit metrics. While the metrics improved in the last 12-18 months as Sinic recognized a large number of pre-sold projects, we expect the company's credit metrics to moderate over the next 12-18 months because it will fund its business growth by debt....

Sinic Holdings (Group) Company Limited: New Issuer - Credit Opinion – 2020/06/15 – US$ 250.00 – ...Sinic Holdings (Group) Company Limited's (Sinic) B2 corporate family rating (CFR) reflects the company's leading market position in property development in the cities of Nanchang, Jiangxi province and Huizhou in Guangdong province; strong sales in its key markets; and good liquidity, which is supported by a fast asset turnover sales strategy. However, the rating is constrained by Sinic's geographic concentration and execution risks because of rapid expansion beyond its core markets in a difficult operating environment; a relatively short operating history; and a developing funding access constraining financing flexibility. The B2 CFR also takes into account Sinic's previously volatile but now moderating credit metrics. We expect the company's credit metrics to moderate over the next 12-18 months as it funds business growth by debt....