Real Estate

China real estate troubles sent debt indicator to record high

0


Fixed asset investment data for the first five months of 2022 showed real estate investment declined at a greater scale than it did during the first four months of the year. Pictured here on May 16 is a development in Huai’an City in Jiangsu province in east China.

CFOTO | Future Publishing | Getty Images

BEIJING — A measure of risk levels for debt in Asia has surpassed its 2009 financial crisis high, thanks to a surge in downgrades of Chinese property developers since late last year, ratings agency Moody’s said Wednesday.

Among the relatively risky category of Asian high-yield companies outside Japan that are covered by Moody’s, the share with the most speculative ratings of “B3…



Source cnbc.com

0 0 votes
Article Rating

Unexpected 0.3% decline, hammered by inflation

Previous article

Fed likely to hike rates by three-quarters of a point this week

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Real Estate