Largest China developer Country Garden downgraded to junk. Ratings firm cited declining sales and weaker funding access.

by DJ_ODell Found this Global 500 rating from 10 months ago entertaining. Doesn’t say much for the global economy. https://www.prnewswire.com/news-releases/country-garden-rises-to-139th-on-2021-fortune-global-500-list-301347299.html FOSHAN, China, Aug. 3, 2021 /PRNewswire/ — The latest FORTUNE Global 500 list was released on August 2nd, with the number of …

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The Largest Official Real Estate Developer In China (Country Garden) Is Now In Trouble Too?

Country Garden’s Hong Kong Listed stock fell 8.1% Monday in Hong Kong, to reach its lowest closing level in nearly five years. China’s Property Crisis Reaches Biggest Builder Country Garden https://finance.yahoo.com/news/china-property-crisis-reaches-biggest-233000221.html Chinese Property Giant Country Garden Endures Sector’s Latest Selloff …

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