Sunday March 26, 2017 23:55
PROFILE Press Releases
German iF Design Award Organizing Committee announced that SAIC Roewe RX5 and Roewe eRX5 (its new energy model) won the "IF DESIGN AWARD 2017" which was another time for Roewe brand to top the most high-profile design stage Ultrahigh level of appearance
HONG KONG (S&P Global Ratings) March 1, 2017--S&P Global Ratings today placed its 'BBB-' long-term corporate credit rating and 'cnBBB+' long-term Greater China regional scale rating on China-based Yuexiu Property Co. Ltd. on CreditWatch with negative implications.
We placed our ratings on Yuexiu Property on CreditWatch with negative implications to reflect a high likelihood that a deterioration in the company's leverage will weaken the credit profile of its parent, Guangzhou Yuexiu Holdings Ltd. As a core subsidiary, Yuexiu Property contributes a significant 70% of the parent's non-financial-service EBITDA. The rating on Yuexiu Property is equalized to the group credit profile of the parent.
In our view, Yuexiu Property's leverage is likely to stay elevated in the next 12 months, after it further deteriorated in 2016, against our expectation of a modest improvement. Yuexiu Property's debt-to-EBITDA ratio increased to 9.4x in 2016, from 8.2x in 2015. Its EBITDA interest coverage also weakened to 2.1x, compared with 2.5x a year earlier, despite lower funding costs.
We expect Yuexiu Property to remain active in land purchases in 2017, given that it targets contracted sales of Chinese renminbi (RMB) 50 billion by 2020. The company spent more than RMB11 billion in 2016, exceeding
Ms. Apantree Srimuang, Mr. Anukool Rattanaphan, and Mr. Chayaphol urapong, the three co-founders of "Kharites Medical Aesthetic Clinic" welcome high-profile guests at the launch of their non- surgical Medical Aesthetic Treatments and wellness clinic. The
2016 saw a huge number and variety of cyberattacks, ranging from a high-profile DDoS using hijacked Internet-facing security cameras to the alleged hacking of party officials during the US election. We also saw a rising tide of data breaches, from
CENTENNIAL (S&P Global Ratings) Jan. 5, 2017--S&P Global Ratings raised its underlying rating (SPUR) to 'AA-' from 'A' on Snoqualmie, Wash.'s existing water and sewer utility revenue bonds. The outlook is stable. "The raised rating reflects, in
DALLAS (S&P Global Ratings) Dec. 22, 2016--S&P Global Ratings has raised its long-term rating to 'BBB-' from 'BB+' on Philadelphia Authority for Industrial Development's $14 million series 2012 tax-exempt revenue bonds, issued for New Foundations
While less buoyant than previous years, the Bangkok luxury residential market witnessed a series of high-profile launches and record off-plan sales prices over 2016, outperforming an overall residential sector more widely overshadowed by slowing sales
BUENOS AIRES (S&P Global Ratings) Dec. 14, 2016--S&P Global Ratings said today that it affirmed its 'B-' corporate and issue ratings on Aeropuertos Argentina S.A. 2000 (AA2000), and assigned a 'B-' rating to the proposed issuance. The outlook
TORONTO (S&P Global Ratings) Dec. 7, 2016--S&P Global Ratings today said it affirmed its 'A' long-term issuer credit and senior unsecured debt ratings on York University, in Toronto. The outlook is positive. S&P Global Ratings removed the
Novo Nordisk today announced new phase 3b trial (DUAL VII) results with Xultophy(R) (IDegLira). Xultophy(R) is a once-daily, single injection fixed combination of a long-acting basal insulin (insulin degludec) and a glucagon-like peptide-1 (GLP-1)
NHA TRANG, VIETNAM: Exclusive colonial-styled beachfront resort, The Anam, is continuing to set new standards in luxurious hospitality in Vietnam with the unveiling of a distinguished and high-profile team led by legendary hotelier Duncan MacLean. With
NEW YORK (S&P Global Ratings) Nov. 30, 2016--S&P Global Ratings said today that it affirmed its 'B' corporate credit and issue-level ratings on U.S.-based LPC Holding Co. and related entities. The outlook is stable. At the same time, we affirmed
NEW YORK (S&P Global Ratings) Nov. 21, 2016--S&P Global Ratings raised its underlying rating (SPUR) on Boyle County, Ky.'s existing bonds, issued on behalf of Centre College of Kentucky, to 'A' from 'A-'. At the same time, S&P Global Ratings
Fitch Ratings says the second phase of Thailand's Risk-Based Capital (RBC 2) framework, which is in the process of being drafted, will enhance the risk profiles of insurance companies, which will make them more closely aligned with those of their
- Toujeo(R) provides a flatter profile than insulin degludec with less within-day fluctuations - Sanofi presented today the full results of a pharmacokinetic / pharmacodynamic (PK/PD) study with Toujeo(R) (insulin glargine 300 Units/mL) and insulin
BOSTON (S&P Global Ratings) Nov. 8, 2016--S&P Global Ratings revised its outlook on the Massachusetts Development Finance Agency's $107 million series 2014F and 2007E bonds, issued for Milford Regional Medical Center (Milford), to negative from
HONG KONG (S&P Global Ratings) Nov. 8, 2016--S&P Global Ratings today raised to 'A+' from 'A' its long-term issuer credit ratings and senior unsecured issue rating on KEB Hana Bank. At the same time, we revised the stand-alone credit profile
At the same time, we are assigning our 'B+' issue-level rating to the company's proposed $250 million senior secured notes due 2021. The stable outlook reflects PRE's manageable maturity debt profile as a result of the company's restructuring and