by Amruth Sundarkumar | Jul 19, 2022 | Credit Ratings, Distressed / Defaulted Bonds
Fitch has downgraded Guangzhou R&F Properties to RD (Restricted Default) from C, following the completion of the Chinese developer’s exchange offer. The rationale behind the downgrade is the fact that Fitch deemed the consent solicitation necessary for R&F to...
by Megha Malhotra | Aug 23, 2021 | Financial News, High Yield Bonds
According to sources, PAG’s private equity arm is close to investing approximately $2.8bn in the funding round for Dalian Wanda Group Co’s commercial property management unit, almost twice the initial fundraising target. People familiar with the matter said that...
by bondevalue | Mar 16, 2021 | China, High Yield Bonds
Wanda Group, which sold its majority control in AMC’s theatres business, stares at a looming maturity wall with total debt amounting to $25bn as per Bloomberg data. About $6.5bn is due this year with another $2.4bn and $4bn due in the next two years. Cash and...
