Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<CN Home>S&P Downgrades CHINA VANKE to 'CCC-', Places Rating on CreditWatch Negative
Recommend 3 Positive 3 Negative 4 |
||||
|
||||
|
Rating agency S&P downgraded CHINA VANKE (02202.HK) to 'CCC-' on potential bond maturity extensions, and adjusted ratings from negative to CreditWatch with negative implications. S&P believed that the risk of a distressed restructuring at CHINA VANKE within the next six months heightened significantly. This follows a recent announcement by Shanghai Pudong Development Bank (SPDB) that CHINA VANKE may extend the maturity of its RMB2 billion onshore bonds that currently falls due on 15 December. AAStocks Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
