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ICYMI - S&P rating agency has downgraded another Chinese property developer

ICYMI - S&P rating agency has downgraded another Chinese property developer

News
By Eamonn Sheridan
15/04/2024 | 23:31 GMT
  • Chinese property developer Longfor

China's property sector remains in deep distress.

  • Rating agency S&P lowered Chinese property developer Longfor's credit rating to BB+ from BBB-
  • Set a Negative outlook

Adds that it believes the firm will be able to repay debt in next 12 months

china house home property 17 January 2024

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