Moody's keeps Ba3 rating on Yanlord Land with stable outlook
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
MOODY'S maintained its Ba3 rating on Singapore-listed Yanlord Land Group with stable outlook, citing the developer's adjusted sales execution to meet mass-market demand, an improving land bank distribution, and good access to debt and capital markets.
"The rating also reflects its strong brand and high-quality properties, allowing it to generate above-industry-average margins," the credit agency said.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
