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Chinese property developers’ credit metrics will change little in 2020, slightly improving in 2021
May 7th 2020 (4.22mins)
Kaven Tsang
​Franco Leung and Kaven Tsang from the Corporates team discuss credit trends for rated Chinese property developers and their ability to weather macroeconomic challenges this and next year.​​
Property – China: Developers’ credit metrics will be largely flat in 2020, improve slightly in 2021
​​Revenue and debt growth will slow to similar rates in 2020 with disruptions from the coronavirus pandemic. But revenue growth will pick up in 2021 and drive credit-metric improvement. ​