by Amruth Sundarkumar | Sep 24, 2021 | China, Credit Ratings, Distressed / Defaulted Bonds
Sinic Holdings was downgraded to three notches to Caa2 from B2 by Moody’s and is on review for further downgrade. “The downgrade reflects Sinic’s materially weakening liquidity profile given its rapidly deteriorated funding access and maturing...
by Amruth Sundarkumar | Sep 21, 2021 | China, Credit Ratings, High Yield Bonds
China’s Sinic Holdings has been downgraded to CCC+ from B by S&P and placed on CreditWatch Negative due to elevated payments risks on account of a lack of concrete payment plan for its $246mn 9.5% 2021s due in October despite the company having adequate...
by Amruth Sundarkumar | Sep 20, 2021 | China, High Yield Bonds
Chinese real estate developer Sinic Holdings (Group) Company Limited saw its dollar bonds nosedive with its $246mn 9.5% bonds due next month on October 18 leading the losses, down a massive 35 points on Friday to close at 57 cents on the dollar. Its 8.5% bonds due in...
