OREANDA-NEWS. February 17, 2015. Standard & Poor's has placed the ratings of developer Sunac China on CreditWatch negative, warning that the company's credit profile could be affected by its acquisition of a 49.25 percent stake in troubled real estate company Kaisa Group.

The agency placed the developer's BB-minus rating on CreditWatch with negative implications. It also placed the developers B-plus bond rating on CreditWatch with negative implications.