Fitch Upgrades Times China on Making Interest Payment, Just 9 Days After a Downgrade
Times China was upgraded by Fitch from C to CC, prompted by the Chinese developer’s timely repayment of coupons on its $350mn 5.75% 2027s and $500mn 6.75% 2023s, before the end of their one-month grace periods. This comes just 9 days after Fitch downgraded the...
Fitch Downgrades Times China to C on Missed Interest Payments
Times China has been downgraded from CCC+ to C following its failure to pay the coupon payments on its $350mn 5.75% 2027s and $500mn 6.75% 2023s, which were due on 14 July and 16 July respectively. It is currently in its 30-day grace period before it is considered to...
Times China Downgraded to B+ by Fitch
Times China was downgraded to B+ from BB- by Fitch due to weakened financial flexibility as cash collection slowed in H2 2021 and tight capital markets. Slowing cash collection and costs for delivery of property have hurt its liquidity ratio (unrestricted...
