{"id":122416,"date":"2021-10-06T11:30:29","date_gmt":"2021-10-06T04:30:29","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fantasia-downgraded-to-default-status-by-rating-agencies-as-chinese-property-sector-crisis-worsens\/"},"modified":"2021-10-06T12:26:32","modified_gmt":"2021-10-06T05:26:32","slug":"fantasia-downgraded-to-default-status-by-rating-agencies-as-chinese-property-sector-crisis-worsens","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fantasia-downgraded-to-default-status-by-rating-agencies-as-chinese-property-sector-crisis-worsens\/","title":{"rendered":"Fantasia downgraded to default status by rating agencies as Chinese property sector crisis worsens"},"content":{"rendered":"


\nFantasia Holdings Group, the debt-laden property developer founded by the niece of a former Chinese vice-president, has been downgraded to default or near default status by the three major credit rating agencies after it missed a bond repayment this week.The default by Fantasia adds to growing concerns about the Chinese property sector as China Evergrande Group, the world\u2019s most indebted property developer, teeters towards default.\u00a0Fitch Ratings, S&P Global Ratings and Moody\u2019s Investors\u2026
\n
\nSource : South China Morning Post
\nRead more…Fantasia downgraded to default status by rating agencies as Chinese property sector crisis worsens<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Fantasia Holdings Group, the debt-laden property developer founded by the niece of a former Chinese...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-122416","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vQs","jetpack-related-posts":[{"id":121886,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fitch-says-some-kind-of-default-appears-probable-at-china-evergrande-cuts-debt-rating-along-with-moodys\/","url_meta":{"origin":122416,"position":0},"title":"Fitch says \u2018some kind of default appears probable\u2019 at China Evergrande, cuts debt rating along with Moody\u2019s","date":"September 8, 2021","format":false,"excerpt":"\r Two major credit rating agencies have downgraded the long-term debt of the world\u2019s most indebted property developer, China Evergrande, saying the company faces a \u201chigh default risk\u201d.Fitch Ratings said on Wednesday that it cut its long-term foreign-currency issuer default ratings for the Shenzhen-based home builder and its subsidiaries to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":169375,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/expect-no-systemic-shock-from-chinese-developer-vankes-technical-default-hsbc\/","url_meta":{"origin":122416,"position":1},"title":"Expect no \u2018systemic shock\u2019 from Chinese developer Vanke\u2019s \u2018technical default\u2019: HSBC","date":"January 13, 2026","format":false,"excerpt":"\r Distressed Chinese property developer Vanke\u2019s potential debt restructuring constitutes a one-off, technical default, and was not likely to result in contagion effects, according to an HSBC report. The leading mainland developer before it got caught up in the property crisis, Vanke has not yet registered a material default on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123726,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-kaisa-group-in-restricted-default-after-missing-bond-payments-fitch-says\/","url_meta":{"origin":122416,"position":2},"title":"China Evergrande, Kaisa Group in \u2018restricted default\u2019 after missing bond payments, Fitch says","date":"December 9, 2021","format":false,"excerpt":"\r Embattled Chinese property developer China Evergrande Group and Kaisa Group Holdings have been downgraded to \u201crestricted default\u201d by international rating agency Fitch Ratings.The downgrade on Thursday comes after several attempts by China Evergrande, the world\u2019s most indebted developer, to stave off such an event through last-minute bond payments a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3531,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wanda-commercial-downgraded-to-bbb-on-weaker-cash-flows\/","url_meta":{"origin":122416,"position":3},"title":"Wanda Commercial downgraded to BBB on weaker cash flows","date":"February 3, 2016","format":false,"excerpt":"\r Standard & Poor\u2019s Ratings Services has lowered its long-term corporate credit rating on high-profile Chinese property developer Dalian Wanda Commercial Properties to BBB from BBB+.\r \r Source : South China Morning Post\r Read more...Wanda Commercial downgraded to BBB on weaker cash flows","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140036,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-fantasia-signs-36-month-cooperation-pact-with-hangzhou-property-services-provider-to-revive-fortunes\/","url_meta":{"origin":122416,"position":4},"title":"Chinese developer Fantasia signs 36-month cooperation pact with Hangzhou property services provider to revive fortunes","date":"October 27, 2023","format":false,"excerpt":"\r Subsidiary Fantasia Group (China) will cooperate with Blue Green Shuangcheng under a \u2018co-construction\u2019 model, which will see them work together on implementing a range of measures to revive the group.\r \r Source : South China Morning Post\r Read more...Chinese developer Fantasia signs 36-month cooperation pact with Hangzhou property services\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123432,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-stricken-fantasia-becomes-first-chinese-developer-to-face-a-wind-up-petition-possible-liquidation\/","url_meta":{"origin":122416,"position":5},"title":"Debt-stricken Fantasia becomes first Chinese developer to face a wind-up petition, possible liquidation","date":"November 26, 2021","format":false,"excerpt":"\r Fantasia Holdings Group said a major subsidiary was facing a wind-up petition filed by its creditors, which could force the debt-ridden Chinese developer into insolvency.The Shenzhen-based developer said in a stock exchange filing on Thursday evening that the petition was related to a US$149 million loan of which Fantasia\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122416"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=122416"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122416\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}