[Contagion] Fitch downgrades Aoyuan Group from CCC- to C. Reason: “a default or default-like process has begun.”
by laflammaster Tue 07 Dec, 2021 – 2:08 AM ET Fitch Ratings – Hong Kong – 07 Dec 2021: Fitch Ratings has downgraded China Aoyuan Group Limited’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘C’, from ‘CCC-‘. Fitch has also …