Furthermore, Yanlord’s good market standing with a focus on the higher-end residential segment in higher-tier cities will support its operating cash flow.
S&P Global has revised its outlook on Yanlord Land Group to ‘stable’ from ‘negative’ as the property group’s “moderate investment and expansion appetite will help it to maintain its debt level”, says the ratings agency on March 18.
“This would temper the credit impact of the China-based residential property developer's compressed profitability,” it adds.
