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S&P cuts Yanlord's rating to negative

Outlook downgraded because of uncertainty over China-based property developer's recovery prospects in 2015

Singapore

STANDARD & Poor's (S&P) Ratings Services said on Wednesday that it has revised its outlook on Yanlord Land Group to negative from stable.

It also affirmed its BB- long-term corporate credit rating on the China-based property developer and its BB- long-term issue