Xinyuan Real Estate (XIN) Declares $0.05 Quarterly Dividend; 5.7% Yield
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S&P Lowers Outlook on Xinyuan Real Estate (XIN) to Negative; Sees Material Leverage Rise in 2014
August 25, 2014 11:26 AM EDTStandard & Poor's Ratings Services said that it had revised the rating outlook on China-based property developer Xinyuan Real Estate (NYSE: XIN) to negative from stable.
At the same time, we affirmed our 'B+' long-term corporate credit rating on Xinyuan and our 'B+' long-term issue rating on the company's outstanding senior unsecured notes. As a result of the outlook revision, we lowered our long-term Greater China regional scale rating on Xinyuan and its notes to 'cnBB-' from 'cnBB'.
"We revised the outlook to reflect our view that Xinyuan's leverage is... More
