Chinese developers among debtors most at risk of refinancing failure as coronavirus hits businesses, liquidity, Fitch says

//Chinese developers among debtors most at risk of refinancing failure as coronavirus hits businesses, liquidity, Fitch says

Chinese developers among debtors most at risk of refinancing failure as coronavirus hits businesses, liquidity, Fitch says

Chinese companies are facing increasing refinancing pressure as the deadly coronavirus outbreak rages on, with smaller property developers the most at risk of failure, according to the latest report by Fitch Ratings.The Covid-19 outbreak has impacted the operations of nearly all of the 166 Chinese companies rated by the credit rating company, it said in the report published on Monday. They have a combined 583 billion yuan (US$83.5 billion) worth of domestic and offshore debt coming due between…

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By | 2020-02-17T09:59:50+00:00 February 17th, 2020|Business|Comments Off on Chinese developers among debtors most at risk of refinancing failure as coronavirus hits businesses, liquidity, Fitch says