{"id":125624,"date":"2022-03-24T15:30:27","date_gmt":"2022-03-24T08:30:27","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sp-downgrades-sunac-chinas-credit-rating-ahead-of-looming-debt-repayment-deadlines\/"},"modified":"2022-03-24T16:09:25","modified_gmt":"2022-03-24T09:09:25","slug":"sp-downgrades-sunac-chinas-credit-rating-ahead-of-looming-debt-repayment-deadlines","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sp-downgrades-sunac-chinas-credit-rating-ahead-of-looming-debt-repayment-deadlines\/","title":{"rendered":"S&P downgrades Sunac China\u2019s credit rating ahead of looming debt repayment deadlines"},"content":{"rendered":"


\nThe woes of Chinese developers are far from over, with major companies hit by fallout from credit downgrades and their failure to report results on time, forcing many to seek extensions on debt deadlines.S&P Global Ratings said on Wednesday that it had withdrawn its B- long-term issuer credit rating on Sunac China Holdings, the mainland\u2019s fourth largest developer by sales last year, at the company\u2019s request. The CCC+ long-term issue rating on the senior unsecured notes was also withdrawn.The\u2026
\n
\nSource : South China Morning Post
\nRead more…S&P downgrades Sunac China\u2019s credit rating ahead of looming debt repayment deadlines<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The woes of Chinese developers are far from over, with major companies hit by fallout...<\/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-125624","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-wGc","jetpack-related-posts":[{"id":121496,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dealing-with-debt-a-time-line-of-how-hui-ka-yans-evergrande-landed-back-in-crisis-mode-with-the-worlds-heaviest-debt-load\/","url_meta":{"origin":125624,"position":0},"title":"Dealing with debt: a time line of how Hui Ka-yan\u2019s Evergrande landed back in crisis mode with the world\u2019s heaviest debt load","date":"August 17, 2021","format":false,"excerpt":"\r The clock is ticking for China\u2019s most indebted developer to find a way out of a looming credit crunch.This month alone, China Evergrande Group has endured multiple credit-rating downgrades that sent its stock and bonds tumbling, only to see them recover briefly after it confirmed talks to sell some\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135672,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-china-unveils-sweetened-restructuring-offer-for-us9-1-billion-in-offshore-debt-in-latest-move-by-a-developer\/","url_meta":{"origin":125624,"position":1},"title":"Sunac China unveils sweetened restructuring offer for US$9.1 billion in offshore debt in latest move by a developer","date":"March 28, 2023","format":false,"excerpt":"\r Sunac China\u2019s sweetened proposal for US$9.1 billion in offshore debt follows a similar offer by China Evergrande last week, as developers take advantage of improving sentiment.\r \r Source : South China Morning Post\r Read more...Sunac China unveils sweetened restructuring offer for US.1 billion in offshore debt in latest move\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140329,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-moodys-downgrades-longfors-credit-rating-to-below-investment-grade\/","url_meta":{"origin":125624,"position":2},"title":"China property: Moody\u2019s downgrades Longfor\u2019s credit rating to below investment grade","date":"November 16, 2023","format":false,"excerpt":"\r The credit ratings agency downgraded Longfor to \u2018Baa3\u2019 from \u2018Ba2\u2019 as it expects the developer\u2019s condition to deteriorate across the board. A ratings upgrade is unlikely.\r \r Source : South China Morning Post\r Read more...China property: Moody\u2019s downgrades Longfor\u2019s credit rating to below investment grade","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61042,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-becomes-the-latest-to-be-scrutinised-by-china-regulators\/","url_meta":{"origin":125624,"position":3},"title":"Sunac becomes the latest to be scrutinised by China regulators","date":"July 18, 2017","format":false,"excerpt":"\r China\u2019s banking regulator has ordered commercial banks to scrutinise the credit exposure of Sunac China, the aggressive property developer which just took over the hotel and tourism portfolio worth US$9.3 billion from magnate Wang Jianlin\u2019s Wanda Group. Banking sources said banks had received a verbal order from the China\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139757,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-china-wins-hong-kong-court-approval-to-implement-us10-2-billion-debt-workout-with-creditors-in-boost-to-stock-prices\/","url_meta":{"origin":125624,"position":4},"title":"Sunac China wins Hong Kong court approval to implement US$10.2 billion debt workout with creditors in boost to stock prices","date":"October 5, 2023","format":false,"excerpt":"\r Sunac moved ahead of its troubled peers in fixing its financial crisis after a court in Hong Kong sanctioned its US$10.2 billion debt workout plan with more than 2,000 offshore creditors.\r \r Source : South China Morning Post\r Read more...Sunac China wins Hong Kong court approval to implement US.2\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":133547,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-china-sells-shenzhen-snow-park-project-to-state-owned-partner-to-tackle-us11-billion-debt-load\/","url_meta":{"origin":125624,"position":5},"title":"Sunac China sells Shenzhen snow park project to state-owned partner to tackle US$11 billion debt load","date":"January 4, 2023","format":false,"excerpt":"\r Sunac is rushing to sell more assets as the Chinese developer tackles US$11 billion of debt owed to offshore creditors.\r \r Source : South China Morning Post\r Read more...Sunac China sells Shenzhen snow park project to state-owned partner to tackle US billion debt load","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\/125624"}],"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=125624"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/125624\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=125624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=125624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=125624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}