29.05.2012 - Chinese property developers face liquidity challenges
Refinancing risk in China’s property sector has risen due to weak fundamentals and continued tight credit, with 11 of the 29 developers rated by Moody’s now facing liquidity pressure. The liquidity profiles of China’s property developers deteriorated during the first half of 2012 and, given the subdued state of the property market on the mainland and the government’s continued tight stance on credit for the sector, any improvement is unlikely for the rest of the year...............................................Full Article: Source
Print