Rated Chinese property developers will endure, says S&P

Standard and Poor's forecasts a difficult year for many Chinese real estate developers, but says most companies it rates look relatively strong.

A new report released by Standard and PoorÆs forecasts a difficult year for many Chinese real estate developers as the governmentÆs anti-speculation measures begin to take effect and access to funding becomes increasingly restrictive.

However, property developers with strong cash flows, well-diversified geographic and product portfolios, financial flexibility, disciplined financial management and established recurring income will consolidate and eventually thrive, continues the report.

The majority of the 13-rated property developers listed on the Hong Kong stock exchange have good funding...

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