Fantasia downgraded to default status by rating agencies as Chinese property sector crisis worsens

//Fantasia downgraded to default status by rating agencies as Chinese property sector crisis worsens

Fantasia downgraded to default status by rating agencies as Chinese property sector crisis worsens

Fantasia Holdings Group, the debt-laden property developer founded by the niece of a former Chinese vice-president, has been downgraded to default or near default status by the three major credit rating agencies after it missed a bond repayment this week.The default by Fantasia adds to growing concerns about the Chinese property sector as China Evergrande Group, the world’s most indebted property developer, teeters towards default. Fitch Ratings, S&P Global Ratings and Moody’s Investors…

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By | 2021-10-06T04:30:29+00:00 October 6th, 2021|Business|Comments Off on Fantasia downgraded to default status by rating agencies as Chinese property sector crisis worsens