Dec 11, 2021 05:08 PM

ECONOMY

Credit Ratings of Over a Dozen Chinese Property Firms Withdrawn Amid Crisis

By Wang Jing and Lu Zhenhua

A family walk by commercial office buildings under construction in Tongzhou, on the outskirts of Beijing, on Oct. 4, 2021. Photo: VCG

A family walk by commercial office buildings under construction in Tongzhou, on the outskirts of Beijing, on Oct. 4, 2021. Photo: VCG

International credit rating agencies have withdrawn more than a dozen Chinese property developers’ ratings this year amid the liquidity crisis wracking the country’s real estate sector.

Moody’s retracted five such ratings, including for Tahoe Group (000732.SZ); Standard & Poor’s retracted seven, including for Kaisa Group (01603.HK) and China Aoyuan Ltd. (03883.HK); and Fitch withdrew six, including for Greenland Holding Group (600606.SH); according to Caixin calculations.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Asia New Vision Forum Kicks Off in Singapore

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: Former Securities Regulator Yi Huiman’s Corruption Probe

00:00

00:00/00:00

MOST POPULAR

1: China, U.S. to Meet in Spain Over TikTok, Trade Disputes

2: Cover Story: Why Modi Won’t Play Cowboys and Indians With Trump, Opting Instead for Strategic Autonomy

3: AI Offers Hope for Growth, but Global ‘Disorder’ Poses Major Risks, Lawrence Summers Says

4: Stability, Openness and Inclusiveness Are Key to an ‘Asian Century,’ Singapore Deputy PM Says

5: Weekend Long Read: Tycoon’s Eight-Hour Escape Exposes Failings of a Model Chinese Prison

SPONSORED

OR