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S&P cuts Fosun outlook to ‘negative’ on post-M&A debt concern

May 31st, 2016

Our client Nuj Chiarannusati emerging markets analyst quoted here:

"We don't see value in the name at this point," said analyst Nuj Chiaranussati at Gimme Credit, who has an "underperform" view of Fosun's 2020 bond.

"It is difficult to get earnings visibility because of the complex nature of its businesses and credit fundamentals are unlikely to improve in the near term," Chiaranussati said.


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