Shimao downgraded by Moody's, Fitch on increased financing risks
Shimao Group Holdings was downgraded by rating agencies Moody's and Fitch on Friday, both by two notches, due to the Chinese developer's increased financing risks.
Shimao Group Holdings was downgraded by rating agencies Moody's and Fitch on Friday, both by two notches, due to the Chinese developer's increased financing risks.
As a long-running Sino-U.S. diplomatic spat threatens to force Chinese companies off American stock exchanges, global equity investors are assessing ways to retain or add exposure to the world's second-biggest economy.
Bonds sold by subsidiaries of Shimao Group Holdings rose broadly in Shanghai on Friday after a report that the Chinese developer plans to repay publicly-issued debts due this month.
LONDON (Reuters) -Oil prices dipped on Friday, putting the market on track for a weekly loss, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand.
Oil prices dipped on Friday, putting the market on track to end the week roughly unchanged, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets broadly.
SINGAPORE (Reuters) -Oil prices dipped on Friday, putting the market on track for a weekly loss, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets broadly.
Chinese developer Shimao Group Holdings has told trust firms that it plans to make payments on its publicly issued bonds and interest that are due in the fourth quarter, financial intelligence provider REDD reported on Friday.