S&P raises Yanlord Land's rating from 'BB-' to 'BB' on better financial position
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Nisha Ramchandani
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Singapore
S&P Global Ratings has raised its long-term corporate credit rating on China-based real estate developer Yanlord Land Group from 'BB-' to 'BB', citing an improved financial position and good profitability.
It also raised its long-term issue rating on the company's outstanding senior unsecured notes to 'BB-' from 'B+'.
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