Property News · November 16, 2023

China property: Moody’s downgrades Longfor’s credit rating to below investment grade


The credit ratings agency downgraded Longfor to ‘Baa3’ from ‘Ba2’ as it expects the developer’s condition to deteriorate across the board. A ratings upgrade is unlikely.

Source : South China Morning Post
Read more…China property: Moody’s downgrades Longfor’s credit rating to below investment grade