Hong Kong, August 22, 2014 -- Moody's Investors Service says that Central China Real Estate Limited's (CCRE) increasing debt obligations at its joint ventures (JVs) are narrowing the headroom in its Ba3 corporate family and senior unsecured ratings. CCRE's stable rating outlook, however, reflects Moody's expectation that the company will be able to achieve its full-year contracted sales target and maintain adequate liquidity in the next 12-18 months.

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