Property News · January 3, 2018

Fitch downgrades Wanda Commercial on offshore funding concerns


Fitch Ratings has downgraded Dalian Wanda Commercial Property two notches, blaming its inability to access offshore funding channels.
Fitch also maintained its ‘Rating Watch Negative’ to reflect the continued lack of definitive funding channels to boost Wanda’s offshore liquidity.
Some of the unit’s onshore local-currency notes also have various creditor protection measures that could be triggered by non-payment events, said Fitch.
The rating on the commercial property…

Source : South China Morning Post
Read more…Fitch downgrades Wanda Commercial on offshore funding concerns

You may also like...