04 Jan China’s four state-backed distressed asset managers downgraded by Fitch Ratings on reduced government support, property woes
Posted at 10:05h
in Asia
Fitch Ratings downgraded China’s four state-backed, distressed asset managers, following its assessment that government support is set to weaken amid the ongoing property market crisis, which it said could weigh on their asset quality and financial strength.The ratings for both China Cinda Asset Management and...