rated-chinese-property-developers-will-endure-says-sp

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 channels as well as established market positions in their home regions. They also have stronger balance sheets than their unrated peers with a reasonable amount of cash holdings having been rated in the last two...
¬ Haymarket Media Limited. All rights reserved.

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