Chinese developer Vanke in spotlight after Moody’s downgrade
万科债券被评级机构穆迪下调评级
Chinese developer Vanke’s bonds have been downgraded by Moody’s in the latest outbreak of stress across the country’s troubled property sector.Vanke, the second-largest developer in China by sales, is state-backed and had retained investment-grade ratings despite a wave of defaults in the sector since the 2021 collapse of China Evergrande.
中国开发商万科(Vanke)的债券遭穆迪(Moody’s)下调评级，这是陷入困境的中国房地产行业承受着压力的最新迹象。
The company has in recent weeks become the focal point of a property slowdown that has piled pressure on policymakers in Beijing seeking to boost confidence in the world’s second-largest economy.
万科以销售额计是中国第二大房地产开发商，具有国资背景。中国房地产行业自2021年中国恒大(China Evergrande)暴雷以来出现了一波违约潮，但万科此前一直保持投资级评级。
Moody’s Ratings withdrew the company’s investment-grade issuer rating, downgraded other bond ratings and placed them on review for further downgrade on Tuesday evening. It said it expected the company’s “credit metrics, financial flexibility and liquidity buffer” to weaken over the next 12-18 months.
该公司近几周来成为中国房地产行业低迷形势下人们关注的焦点，对于希望让人们对世界第二大经济体恢复信心的中国政策制定者来说，房地产行业低迷给他们带来了很大压力。
