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Another Evergrande as “winter has come” to Chinese property – MacroBusiness

Today’s new Evergrande is Ronshine: Fitch Ratings has downgraded China-based homebuilder Ronshine China Holdings Limited’s Long-Term…

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Fitch Ratings has downgraded China-based homebuilder Ronshine China Holdings Limited’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B’, from ‘B+’. The Outlook is Negative. Fitch has also downgraded the senior unsecured rating and the rating…

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