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S&P puts Renhe on negative watch after loan breach

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By Rev Hui, Shruti Chaturvedi
05 Jan 2016

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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By Rev Hui, Shruti Chaturvedi
05 Jan 2016