Fitch: Wanda's Privatisation Plan Has No Immediate Rating Impact

June 1, 2016 2:47 AM

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(The following statement was released by the rating agency) HONG KONG, May 31 (Fitch) Fitch Ratings says today the formal offer to privatise Hong Kong-listed Dalian Wanda Commercial Properties Co.

Ltd. (Wanda: BBB/Stable) from its parent, Dalian Wanda Group Co. Ltd. (Wanda Group), has no immediate effect on its rating. The privatisation, if successful, will not increase Wanda Group's leverage as the total consideration will be satisfied by investors assembled by the group to acquire the outst...

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