[ET Net News Agency, 17 January 2018] Moody's Investors Service has revised to stable
from negative the ratings outlook for Sunac China Holdings Limited (01918). At the same
time, Moody's has affirmed the company's B2 corporate family rating and the B3 senior
unsecured rating on its existing notes.
"The change in ratings outlook to stable from negative reflects Sunac's demonstrated
ability to deleverage through equity issuances and strong contracted sales growth," said
Franco Leung, a Moody's Vice President and Senior Credit Officer.
On 15 December 2017, Sunac raised HK$7.82 billion through a share placement, improving
the capital structure of the company.
In addition, the company reported a 140% year-on-year increase in contracted sales to
RMB362 billion for the full year 2017. These strong presales should support the company's
ability to meet its revenue growth targets over the next 2 years, and in turn improve its
debt leverage. (KL)
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01918 SUNAC
Nominal 
1.130 +0.150 (+15.306%) Others
17/01/2018 15:50
Moody revises Sunac (01918) ratings outlook to stable
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