Debt-Laden HNA’s Credit Assessment Cut by S&P
- S&P: HNA dependent on market conditions to meet commitments
- HNA senior executives bought dollar bonds guaranteed by group
HNA Receives Much-Needed Support From Citic Bank
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Debt-laden Chinese conglomerate HNA Group Co. had its credit assessment cut for the second time in less than three months by S&P Global Ratings, which cited significant debt maturities amid deteriorating liquidity.
Separately, some HNA directors and top executives have purchased offshore dollar bonds guaranteed by the group, according to an emailed statement Wednesday that didn’t disclose the amount. The company is in a "very healthy" financial position, it said.