Moody's withdraws Yincheng's rating for business reasons (Simplified Chinese translation)

Moody's withdraws Yincheng's rating for business reasons - Rating Action – 2022/01/14 – 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...

Yincheng International Holding Co., Ltd.: Update following downgrade to B3 - Credit Opinion – 2021/09/30 – US$ 250.00 – ...On 27 September 2021, we downgraded Yincheng International Holding Co., Ltd.'s (Yincheng) corporate family rating (CFR) to B3 from B2, outlook remains negative. The downgrade reflects Yincheng's key credit metrics will be weaker than that of its B2-rated Chinese property peers over the next 12-18 months, driven by its elevated debt leverage and weak profitability. Yincheng's B3 CFR takes into account its long history of property development in Nanjing, Jiangsu province, and quality land bank in the Yangtze River Delta. However, its CFR is constrained by the company's modest operating scale, high geographic concentration, weak credit metrics, weakening liquidity because of reduced cash flow and narrow funding access, and rising exposure to joint ventures....

Moody's downgrades Yincheng's CFR to B3; outlook remains negative (Chinese) - Rating Action – 2021/09/28 – 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 Yincheng's CFR to B3; outlook remains negative - Rating Action – 2021/09/27 – 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...

Yincheng International Holding Co., Ltd.: Update following outlook change to negative - Credit Opinion – 2021/07/08 – US$ 250.00 – ...Yincheng International Holding Co., Ltd.'s (Yincheng) B2 corporate family rating (CFR) reflects the company's long track record of property development in Nanjing, Jiangsu province, and quality land bank. However, Yincheng's B2 CFR is constrained by the company's modest operating scale; high geographic concentration; the low profit margin of its property development business, compared with that of its peers; and Yincheng's weak financial metrics and narrow funding access, which will limit the company's financial flexibility....