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Shimao Upgraded to IG Status at BBB- by S&P

by bondevalue | Apr 9, 2021 | China, Credit Ratings, Investment Grade Bonds

S&P Ratings upgraded Chinese property developer Shimao Group to BBB-, putting it in the investment grade category giving a stable outlook. They also raised the issue level rating to BB+ from BB. S&P cited stable profitability and prudent financial management...

Shimao Upgraded to IG Status at BBB- by S&P

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