S&P upgrades Yanlord Land Group rating

Yanlord Land was given a 'steady' score.

Credit score rater S&P has upgraded Yanlord Land's score to "stable" from "negative".

S&P stated Yanlord would be capable of preserve its debt degree, and it has a great market standing.

"The stable outlook reflects our view that Yanlord will moderately grow its contracted sales andaccelerate project delivery, whilst better managing its debt-funded land replenishments overthe next 12-24 months," it stated in an announcement.

Transferring ahead, it expects Yanlord to decelerate its growth in comparison with its development previously two years.

Yanlord's prospects hinge strongly on its dependence on land replenishment, with S&P flagging aggressive debt-funded land replenishment as a draw back danger.

However, ought to Yanlord be capable of enhance its profitability via cheaper means, S&P may improve its subsequent score.

S&P gave Yanlord a enterprise danger rating of "fair" and a monetary danger rating of "average".