Corporate Debt Restructuring Masterclass

18 July 2022 (Mon), 5pm Singapore/HK time

Road King Cut to B+ by S&P

Road King Cut to B+ by S&P

Road King Infrastructure was downgraded to B+ from BB-  by S&P on deteriorating leverage as margins normalize. Road King’s EBITDA margin dropped to 22.1% in 2021 from 27.1% in 2020 and S&P expects it to stay low at 20-22% in 2022. Contracted sales could...
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