(The following statement was released by the rating agency)
HONG KONG, November 16 (Fitch) China Evergrande Group's
(Evergrande,
B+/Negative) strong sales and planned equity raising have been
largely offset by
its aggressive land banking that drove a jump in total debt,
Fitch Ratings says.
As a result, Fitch does not expect any immediate impact on the
ratings on
Evergrande, which was previously called Evergrande Real Estate
Group Limited.
Evergrande's financial profile is mainly supported by
Read more
No comments:
Post a Comment