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S&P: China developers getting closer to “downgrade thresholds”

Posted on 09 March 2012

Tough operating conditions and heightened refinancing risks in China’s property market are pushing more developers closer to their downgrade thresholds, Standard & Poor’s Ratings Services said in a report on Thursday.
In the report titled “The Worst Is Yet To Come For Chinese Developers In Asia’s Shaky Property Sector,” S&P warned that more credit downgrades are likely in the next six months………………………………………..Full Article: Source


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