S&P downgrades Chinese state-backed developer Greenland

by Boo_Randy Meanwhile, in China, more dominoes are getting ready to topple over. https://www.macaubusiness.com/sp-downgrades-chinese-state-backed-developer-greenland/ Ratings agency Standard & Poor’s on Monday downgraded Chinese state-backed property developer Greenland over fears the company would default on a bond payment. Since a government …

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