Evergrande crisis: a third of China’s developers may face pressure with US$84 billion in debt maturing by end of 2022, S&P warns

//Evergrande crisis: a third of China’s developers may face pressure with US$84 billion in debt maturing by end of 2022, S&P warns

Evergrande crisis: a third of China’s developers may face pressure with US$84 billion in debt maturing by end of 2022, S&P warns

A third of China’s property developers could see their liquidity “acutely strained” in the worst case scenario as weaker sentiment and new government regulations weigh on their funding sources, with a “real” risk of default as some US$84 billion in debt is set to mature by the end of next year, according to S&P Global Ratings.The credit rating company said that more than half of its rated portfolio of Chinese property developers are “most at risk” under such a scenario as their bonds are rated…

Article by [author-name] (c) China - South China Morning Post - Read full story here.

By | 2021-10-27T12:00:21+00:00 October 27th, 2021|Headlines|Comments Off on Evergrande crisis: a third of China’s developers may face pressure with US$84 billion in debt maturing by end of 2022, S&P warns