The impact of Monday’s downgrade is ‘controllable’, the second-largest Chinese developer says. Its shares rose more than 10 per cent to HK$6.30 on Tuesday on belief commercial banks will raise up to US$11.1 billion to repay its debts.
Source : South China Morning Post
Read more…Developer China Vanke claims Moody’s junk-level downgrade is manageable as shares and bonds gain on bailout reports
