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Dalian Wanda Downgraded to BB- by Fitch

Dalian Wanda Downgraded to BB- by Fitch

Dalian Wanda Commercial Management Group was downgraded to BB- from BB+ by Fitch. Similarly, Wanda Commercial Properties (Hong Kong) saw its senior unsecured rating and dollar bonds' issue ratings cut to B+ from BB. Looming uncertainty over the completion of their...

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Vedanta Receives $250mn Loan from Glencore

Vedanta Receives $250mn Loan from Glencore

In a positive surprise, Vedanta Resources received a $250mn loan from natural resources major Glencore International. As part of the transaction, a 4.4% stake in Vedanta Resources' listed Indian subsidiary Vedanta Ltd was pledged. Vedanta Resources will use the loan's...

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