RATINGS agency Moody’s on Thursday (Sep 21) revised its outlook on four Chinese real estate firms to “negative” from “stable”, as the country’s property sector reels from mounting debt.
The agency’s action comes just a week after it revised the outlook on the country’s crisis-hit property sector to “negative”, citing growth-related challenges.
The outlook change on real estate firms reflects uncertainties over their ability to achieve stable operating performance and credit metrics to support its ratings over the next 12-18 months, Moody’s said in separate statements.
www.businesstimes.com.sg/property/moodys-revises-outlook-four-chinese-real-estate-firms-negative
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