Following the rating of Country Garden services in August this year, the Fitch Plan of the International Rating Agency will revoke all rating of Country Garden services in the middle of next month.
Sunday (November 12) posted the above news on the official website.According to the announcement, based on commercial reasons, the Fitch plans to revoke all the rating of Country Garden services around December 12.
On August 23 this year, the long-term issuer of Country Garden Service Holding Co., Ltd. (Country Garden Service) was reduced from 'BBB-' to 'BB+', and its rating was included in negative ratingObservation list.
The lowering of the rating reflects the rising liquid pressure of Country Garden Service Sisters Country Garden Holdings Co., Ltd. (Country Garden), which may have a negative impact on the growth of Country Garden services, brand reputation, profitability, and financing channels.
The list of Country Garden services on the negative rating observation list is based on the company's potential risks in liquidity, operating capital management and its financial policy.
In August last year, Fitch lowered 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 itsThe last investment -level rating.
