(Bloomberg) -- Rating lowered from B by S&P Global Ratings.
Continued delays in confirming co.’s Indian sandalwood sales into China have increased the risks that plantation investor inflows could be materially lower for the co.: S&P
Should the sale of sandalwood into China fall through, it would in S&P’s opinion heighten the probability of an option of 400ha of plantation being put back to Quintis in July 2017, which could stress the co.’s liquidity
NOTE: May 23, Quintis in Non-Binding Talks for Debt, Equity Transactions Link
NOTE: May 10, Sandalwood Grower Quintis Sinks Record 33% as Nestle Drops Deals Link
QIN Price at posting:
29.5¢ Sentiment: Sell Disclosure: Not Held