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Home > Latest

S&P: Cancel Poly Developments (600048.SH) "BBB" Long-term Issuer Credit Rating Upon Request.

date
22/07/2026
On July 22nd, Standard & Poor's announced the withdrawal of the "BBB" long-term issuer credit rating for Poly Developments and Holdings Group Co., Ltd. (referred to as "Poly Development" 600048.SH) as requested by the issuer. The "BBB-" long-term issuer credit rating for Hengli (Hong Kong) Real Estate Limited (referred to as "Hengli Hong Kong") was also withdrawn. Prior to the withdrawal of the ratings, the ratings outlook for the China-based real estate company and its Hong Kong subsidiary was "stable".
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