...HONG KONG (S&P Global Ratings) July 5, 2017--S&P Global Ratings said today that its ratings on China Hongqiao Group Ltd. (B+/Watch Neg/--; cnBB-/Watch Neg/--) remain on CreditWatch with negative implications, despite some progress made by the company to resolve issues that have delayed the publication of its 2016 annual report. The ratings are also unaffected by the repayment of the company's US$400 million senior unsecured notes and the extension of a waiver in relation to its syndicated loan. We placed Hongqiao on CreditWatch on March 24, 2017, after the company announced a potential delay in the publication of its 2016 annual report due to the suspension of auditing work. There have been a number of developments since our last update in May, but we still do not have enough new information to make a final assessment on Hongqiao's overall credit profile. We aim to resolve the CreditWatch as soon as we have more clarity regarding the timing and content of Hongqiao's audited 2016 annual...
