Chinese property developers’ credit metrics will change little in 2020, slightly improving in 2021
May 7th 2020 (4.22mins)
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.