Fantasia Downgraded to B3 by Moody’s
Fantasia Holdings was downgraded by Moody’s to B3 from B2 and its senior unsecured bond ratings were cut to Caa1 from B3. All the ratings were placed ‘under review for further downgrade’ from ‘negative’. The downgrade came on the back of...
Fantasia’s Dollar Bonds Continue to Slide
Dollar bonds of Evergrande’s peer fell again with some bonds of Fantasia down over 10% and those of Greenland Holdings’ fell about 2-4% as concerns grow over Chinese developers’ financial position.
Fantasia Denies Rumors of Delay in Dollar Notes Payment
Chinese property developer Fantasia Holdings Group clarified via an exchange filing on Monday that there has been no delay in repaying its offshore senior bonds due, in response to market rumors. The company said, “Operating performance is good with sufficient...
