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March 16, 2022

CCXAP downgrades Sunac China Holdings Limited’s rating to BBg+, with negative outlook

Hong Kong, 16 March 2022 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has downgraded the long-term credit rating of Sunac China Holdings Limited (“Sunac China”) to BBg+ from BBBg-. At the same time, CCXAP has changed the rating outlook to negative.

 

Click HERE to download the press release.

 

CCXAP’s public ratings are available at www.ccxap.com (Rating Results) and may be distributed through media and other means. Methodology used in this rating is the Global Rating Methodology for Real Estate Development Industry dated December 2019, available at www.ccxap.com (Rating Methodologies).