GLP China Holdings Ltd. Assigned 'BBB' Rating; Outlook Stable

GLP China is a core subsidiary of GLP and receives strong support from the group due to its good strategic fit. GLP China's leading market position, extensive scale of operations, and favorable access to land resource support its SACP. The company's geographic concentration and execution risk associated with debt-funded expansion temper these strengths. We are assigning our 'BBB' long-term issuer credit rating to GLP China, a provider of logistics space in China. The stable outlook on GLP China reflects the outlook on GLP and our expectation that GLP China will remain a core subsidiary of the parent over the next 24 months. SINGAPORE (S&P Global Ratings) Sept. 14, 2018--S&P Global Ratings today said it has assigned its 'BBB' long-term issuer

...+ GLP China is a core subsidiary of GLP and receives strong support from the group due to its good strategic fit. + GLP China's leading market position, extensive scale of operations, and favorable access to land resource support its SACP. The company's geographic concentration and execution risk associated with debt-funded expansion temper these strengths. + We are assigning our '###' long-term issuer credit rating to GLP China, a provider of logistics space in China. + The stable outlook on GLP China reflects the outlook on GLP and our expectation that GLP China will remain a core subsidiary of the parent over the next 24 months. SINGAPORE (S&P Global Ratings) Sept. 14, 2018--S&P Global Ratings today said it has assigned its '###' long-term issuer credit rating to GLP China Holdings Ltd. (GLP China). The outlook is stable. GLP China is the largest provider of logistics space in China. The rating on GLP China reflects our view of the company's status as a core subsidiary of GLP Pte. Ltd....

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