TEXT-S&P assigns Sound Global ‘BB-’ rating; Outlook stable
(The following was released by the rating agency) Overview — China-based water and wastewater treatment solution provider Sound Global Ltd. faces rising competition, has a limited revenue base, and is exposed to risk in the overseas EPC business. — Prospects for China’s water and wastewater treatment industry are favorable and the company has good revenue visibility, track record, and low debt. — We are assigning our ‘BB-’ long-term corporate credit rating to Sound …
