HSI1 25,858.89 -87.04 146.20B
HSCEI1 9,130.18 -34.69 56.46B
Back    Zoom +    Zoom - Block Traded
S&P Downgrades CHINA VANKE to 'CCC-', Places Rating on CreditWatch Negative
2025-11-28 12:14:12
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