Ronshine Downgraded by Moody’s to B2

Ronshine Downgraded by Moody’s to B2

Moody's downgraded Ronshine China to B2 from B1 citing that their "profitability and key credit metrics in the next 12-18 months will stay at weaker levels than that of its B1-rated Chinese property peers, given its high land acquisition costs". They also expect its...

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