by bondevalue | Mar 25, 2021 | China, High Yield Bonds
Bonds of Chinese property developers Yuzhou and Central China Real Estate (CCRE) fell on Wednesday. Yuzhou’s dollar bonds fell 4-5% after it was downgraded by Moody’s to B1 from Ba3 with its outlook cut to negative from stable. Also, its senior unsecured rating was...
by bondevalue | Mar 24, 2021 | China, High Yield Bonds
Chinese property developer Yuzhou Group’s corporate family rating was downgraded by Moody’s to B1 from Ba3 and its senior unsecured rating was downgraded to B2 from B1 with a change in outlook to negative from stable. Moody’s cited Yuzhou’s recent profit warning...
