You are here

S&P flags Guangzhou R&F for further rating downgrade

It thinks Chinese developer's cash flows and leverage could weaken more than earlier expectations


WEAKENING cashflows and rising debts are putting the credit ratings of Hong Kong-listed Chinese developer Guangzhou R&F Properties Co - which is seeing slower sales in its home ground and Iskandar Malaysia - at risk of further downgrades.

Standard & Poor's (S&

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom