[Contagion] Fitch with a second downgrade of Yango in less than a week. B+ > B- > C.

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by laflammaster

See also  [Contagion] Fitch downgrades China Aoyuan Group from B- to CCC- due to lower likelihood of refinancing.

www.fitchratings.com/research/corporate-finance/fitch-downgrades-yango-to-c-on-distressed-debt-exchange-02-11-2021

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