Standard & Poor’s cut its outlook for the development company Plaza Centers from stable to negative, as it predicts the developer could soon be unable to pay off its liabilities. The analysts point out that it’s already taking longer than expected for the company to offload its standing portfolio and the developers reported debts for 2015 surpassed market expectations. Additionally, the agency warned that instability in some of the markets Plaza Centers has the exposure in could prevent its attempts to dispose of assets. “The current liquidity level of the company is less than sufficient,” concluded S&P in a statement.
