2024-03-12 | Industry Dynamics
Moody’s Rating Review Dips China Vanke’s Hong Kong Shares By 1%
Today’s News On Tuesday, China Vanke’s Hong Kong shares opened 1% lower following Moody’s announcement that the property company’s rating was under consideration for a downgrade to junk status. Concurrently, its Shenzhen-listed shares experienced a 0.6% decline. Moody’s, on Monday, withdrew Vanke’s “Baa3” rating, the lowest investment grade rating, placing all of Vanke’s ratings under […]