After lowering the prospects of the Chinese real estate industry to "negative" last week, Moody's Moody's Moody's Moody's Thursday (September 21) announced that China Jinmao and Vanke Enterprise developersList of surrender level observation.
According to Bloomberg News, the issuers of Vanke and Jinmao are currently at the "BAA" level at a medium level, of which Vanke is "BAA1" and Jin Mao is "BAA3".Two high rating.
Moody's pointed out that in the case of unclear recovery in the Chinese real estate market, Jin Mao and Vanke's ability to restore the weakened credit indicators and financial conditions are highly uncertain, so their rating columns will be raised.Enter the list of observations.
At the same time, Moody's on Thursday also reduced the ratings of the seven other Chinese architects to negative. These companies are China Resources Land Co., Ltd., China Overseas Development Co., Ltd., China Overseas Hongyang Group Co., Ltd.Yuexiu Real Estate Co., Ltd., Poly Development Holding Group Co., Ltd., Shenye Group Co., Ltd. and Greentown China Holdings Co., Ltd.
China's real estate sales have not seen each other in the past few months, and head real estate companies, including Country Garden and Oceania Group, have faced debt risks and dragged down market recovery.Moody's September 14 will reduce the outlook of China's real estate industry from "stability" to "negative" because the economic growth prospects are weak. Although the government has taken support measures, buyers are worried that the project cannot complete and deliver on time to suppress real estate sales to suppress real estate salesEssence
According to the data released by the National Bureau of Statistics of China last week, the price of new housing in China has accelerated in August, and although many property market loosening policies have driven the peak of house purchase earlier this month, the impact can continue to be unclear.
