Major developers’ see credit rating lowered as high leverage risks emerge amid epidemic
Major developers’ see credit rating lowered as high leverage risks emerge amid epidemic

Major developers’ see credit rating lowered as high leverage risks emerge amid epidemic

 

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Several major Chinese property developers have seen their ratings and outlook downgraded as the risks accumulated in the highly leveraged expansion campaigns in the past few years start to emerge amid the impact of the coronavirus outbreak.

Last Friday, Moody's Investors Service put the corporate family rating of the Guangzhou-based R&F Properties on negative watch, citing growing concerns about the company's high-leverage ratio and slower cash flow.

Moody's downgraded the outlook of Chinese developer Agile's to "Negative" from "Stable" to reflect the company's weakening . . .

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