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S&P and Fitch downgraded #Kaisa, a China-based integrated pr...
S&P and Fitch downgraded #Kaisa, a China-based integrated property developer to CCC+, S&P says Kaisa's capital structures are unsustainable given the company's sizable near-term debt maturities, weakening liquidity, and inadequate free cash flow through 2022.
$KAISA GROUP (01638.HK)$
Kaisa Group in Hong Kong plunges as much as 15% to a fresh record low. Kaisa's dollar bond due December 7 falls 8 cents to 50 cents.
Kaisa Group in Hong Kong plunges as much as 15% to a fresh record low. Kaisa's dollar bond due December 7 falls 8 cents to 50 cents.
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