Century Land Joint Stock Company
About the Issuer
Rating Results
Credit Opinion
View Credit Rating ReportCRE’s BBB- issuer rating could be upgraded if the company sustains improvements in profitability and operating cash flow, for example, EBITDA margin above 20%, EBIT/interest expense ratio above 5x, and CFO/Debt ratio above 20%.
CRE’s BBB- issuer rating could be downgraded if (1) the company experiences delays in project sales and handover that reflect weakness in corporate execution, leading to significant deterioration in leverage and coverage metrics, for example, Debt/ EBITDA ratio rising above 7.5x; or EBIT/ Interest expense ratio below 1x; and/or (2) the company is unable to roll over matured bank loans, thereby increasing liquidity risks.
Issuer analysis reports
Rating Results
Second Party Opinion
List of Second Party Opinions (SPO) published by VIS Rating for CRE.
VIS Rating has not issued a Second Party Opinion for this company
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