09.03.2012 - S&P: China developers getting closer to "downgrade thresholds"
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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