China Vanke Responds to Moody's Downgrade with Confidence as Markets React Positively
Tuesday, 12 March 2024, 09:45
China Vanke's Response to Moody's Downgrade
Developer China Vanke addresses Moody's junk-level downgrade, emphasizing its manageability. The company's confidence in the face of challenges is reflected in the positive market reaction.
Market Reaction
- Shares Surge: China Vanke's shares rose by over 10% to HK$6.30.
- Bank Support: Commercial banks are reportedly stepping in to help repay $11.1 billion in debts.
The company's ability to navigate through this downgrade indicates resilience amidst financial uncertainties.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.