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China South City Downgraded to B- by Fitch

China South City Downgraded to B- by Fitch

China South City was downgraded to B- from B by Fitch with a negative outlook reflecting weakened funding access against significant obligations maturing in the coming 12-18 months. While the developer has sufficient cash balances of about $1.2bn, just sufficient to...

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Tata Steel Reports Strong Results

Tata Steel Reports Strong Results

Tata Steel reported a 2QFY2022 net profit jump of 661% YoY to INR 119bn ($1.6bn). Operating revenues grew 55% YoY to INR 603bn ($8.1bn). Its steel deliveries in India expanded by 11% to 4.58mn tonnes despite a contraction in market demand amidst seasonal weakness they...

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