Falling Tuesday (16th) reduced the rating of Country Garden to the garbage level; when the entire industry lacked money and the sales declined, the largest real estate developer in the contract sales of contracts lost its last investment.Level rating.
According to Bloomberg, Fitch said that the Country Garden rating was reduced to BB+, while the "Liquid buffer space is sufficient, but facing pressure"And the ability to enter the capital market is poor.
Fitch included Country Garden in the negative observation list in June this year, because the Chinese real estate industry is in trouble. It is expected that the company's leverage rate will rise. At the same time, it is expected that its contract sales in 2022 will decrease by 30%.Country Garden is still on the negative observation list of Fitch.
One month after listing Country Garden in a negative observation list, Moody's deprivation of its investment -level rating in June.According to Bloomberg's data, S & P is the rating of Country Garden since 2008.
As the sales of the new house declined for a year, the government has taken action to curb the increase in housing prices and the growth of the debt growth of developers' debt.The proportion of Chinese offshore bond defaults has reached a record high, and almost all of the breach of contractor is a real estate company.
