Hong Kong, July 27, 2020 — Moody’s Investors Service has affirmed Sunriver Holding Group Company Limited’s B2 corporate family rating (CFR).
The outlook remains stable.
“The rating affirmation reflects our expectation that Sunriver’s credit metrics will mildly weaken but remain appropriate for its B2 corporate family rating over the next 12-18 months, as the strong property development business will temper weakness in its tourism business,” says Danny Chan, a Moody’s Assistant Vice President and Analyst.
“The company’s adequate liquidity on the back of strong contracted sales growth also supports its rating,” adds Chan.
Sunriver’s B2 CFR reflects the company’s (1)