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China Vanke Gets S&P Downgrade, Faces Rejig Amid Debt Crisis
asiafinancial.com/china-vanke-gets-sp-downgrade-faces-rejig-amid-debt-crisis
The troubled property developer China Vanke copped another blow on Friday – a downgrade by ratings agency S&P Global.
The agency described Vanke’s financial commitments as unsustainable, because of its weak liquidity levels.
The news came after Vanke bonds and stocks tumbled to record…
This story appeared on asiafinancial.com, 2025-11-28 09:29:26.