China’s Wanda Group continues its strong growth in the first half of 2016

In the first half of 2016, period ending June 30, China’s Wanda Group continued its strong growth trajectory across its business portfolio. Wanda’s assets in the period totaled RMB736.8 billion, up 12.1% from the end of 2015. The company’s revenue in the first half, excluding the Wanda Department Stores division, jumped 10.6% year-on-year to RMB119.93 …

Standard & Poor’s lowers Wanda Commercial’s credit rating; Outlook Negative

Standard & Poor’s Ratings Services said that it had lowered its long-term corporate credit rating on Dalian Wanda Commercial Properties Co. Ltd. (Wanda Commercial) to ‘BBB’ from ‘BBB+’. The outlook is negative, said S&P. Standard & Poor’s lowered its long-term Greater China regional scale rating on the company to ‘cnA-‘ from ‘cnA+’. “The downgrade reflects …