R&F Properties Downgraded to RD by Fitch on Completion of Exchange Offer
Guangzhou R&F Properties has been downgraded to RD (Restrictive Default) from C by Fitch on completion of its exchange offer. The rating agency also downgraded its subsidiary R&F Properties (HK) Company Limited to RD, stating that this rating action is in...
R&F Properties (HK) Downgraded to SD by S&P
R&F Properties (HK) was downgraded by S&P to SD from CC on the back of the completion of its tender offer at a discount, and with a maturity extension, for its $725mn bond due January 13, 2022. S&P views the transaction as “distressed...
R&F Properties Manages to Delay Bond Maturity Despite Buyback Failure
R&F Properties succeeded in delaying payment on its $735mn 5.75% dollar bond due Thursday. The company said it was able to buy back only 16% ($116.4mn) of the note under a tender offer as it did not have sufficient liquidity to complete the tender. As part of the...
