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Fitch Downgrades China Vanke Amid Heightened Default Risk
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Fitch Downgrades China Vanke Amid Heightened Default Risk
Fitch has downgraded China Vanke, the troubled Chinese homebuilder, to a ‘C’ rating, and Vanke HK, its Hong Kong subsidiary, to ‘CC’, Reuters said on Wednesday. In announcing its decision, the ratings agency said: “We expect China Vanke’s free cash flow to remain negative in 2025 and 2026, even…
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