Dalian Wanda is a Chinese (and world's biggest) private property developer
S&P revises Dalian Wanda Commercial Properties Co. Ltd. to rating 'BB' from 'BBB-'
- outlook to 'negative' from credit watch 'negative'
DW is a big conglomerate, not just property development
This will be another negative for the AUD (negative China news is not a positive for the Australian dollar)
