S&P puts Renhe on negative watch after loan breach

Rev Hui,

Shruti Chaturvedi

January 05, 2016 09:30 am

China_Property_230px — Visitors look at house models during the 37th Chengdu real estate fair in Chengdu in southwest China's Sichuan province on Friday, April, 29, 2011. China is studying ways to control developers profits to keep home prices at a reasonable level, according to the National Development and Reform Commission.(Photo By Evens Lee/Color China Photo/AP Images) | Evens Lee/ColorChinaPhoto/AP/Press Association Images

Standard & Poor’s has put the credit rating of Chinese mall developer Renhe Commercial Holdings on negative watch after one of the company's subsidiaries breached covenants on a syndicated loan. The breach could prompt banks to demand an early repayment, which the firm might find tough to meet.

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RH

Rev Hui

SC

Shruti Chaturvedi