Industry Credit Outlook: The Worst Is Yet To Come For Chinese Developers In Asia's Shaky Property Sector Mar 12
- ID: 2200764
- March 2012
- Region: Asia, China
- Standard & Poors
Among Asia's real estate companies, Chinese developers appear closest to their pain thresholds. Stiff competition and tightening regulations in China have contributed to unsold inventory, stifled profits, and strained liquidity over the past few months. While the government may somewhat relax its reins this year, cash-strapped companies will still struggle. One significant problem: rising refinancing risks. In view of the harsh conditions, Standard & Poor's Ratings Services stands by its negative outlook for China's property sector. We believe Chinese companies will likely face more downgrades over the next six months. Developers elsewhere in the region will also find the going tough to varying degrees. Macroeconomic and industry factors in each Asia market will support or undermine rating performances. Over the...
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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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- Sun Hung Kai Properties Ltd.
- China Overseas Land & Investment Ltd.
- Road King Infrastructure Ltd.
- Kerry Properties Ltd.
- Cheung Kong (Holdings) Ltd.
- Hopson Development Holdings Ltd.
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- Greentown China Holdings Ltd.
- Shimao Property Holdings Ltd.
- Lai Fung Holdings Ltd.
- Shanghai Zendai Property Ltd.
- Shanghai Industrial Urban Development Group Ltd.
- Coastal Greenland Ltd.
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- Country Garden Holdings Co. Ltd.
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- Glorious Property Holdings Ltd.
- Lend Lease Group
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- Yuzhou Properties Co. Ltd.
- Renhe Commercial Holdings Co. Ltd.
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