In our view, the widening of regulations aimed at controlling real estate developers’ interest-bearing debt would further reduce the industry’s overall credit risk in the long term. However, the nearer term may see less headroom for highly leveraged developers to finance in the capital market, pushing them to sell off inventory to ease liquidity pressure.
Real Estate Developers with High Leverage to See Inventory Quality Tested Under Broader “Three Red Lines” Policy
Credit Rating Report: Crédit Agricole S.A., April 19, 2024
Issue Rating Notice: Crédit Agricole S.A. 2024 Renminbi Bonds (Series 1) (Bond Connect) Rated “AAAspc”
评级报告:法国农业信贷银行,2024年4月19日
债项信用等级通知:评定法国农业信贷银行2024年第一期人民币债券(债券通)信用等级为AAAspc
Real Estate Developers with High Leverage to See Inventory Quality Tested Under Broader “Three Red Lines” Policy
Credit Rating Report: Crédit Agricole S.A., April 19, 2024
- Author Xiaochen Luan Jiancheng Yang Jiachuan Xu
- Sector Financial Services
- Credit Outlook Stable
- Issuer Rating AAAspc
On April 19, 2024, S&P Global (China) Ratings published its latest surveillance rating report on Crédit Agricole S.A. Please click the link below to read in PDF.
- Author
- Xiaochen Luan Jiancheng Yang Jiachuan Xu
- Sector
- Financial Services
- Credit Outlook
- Stable
- Issuer Rating
- AAAspc
Issue Rating Notice: Crédit Agricole S.A. 2024 Renminbi Bonds (Series 1) (Bond Connect) Rated “AAAspc”
- Author Xiaochen Luan Jiancheng Yang Jiachuan Xu
- Sector Financial Services
- Issue Rating AAAspc
S&P Global (China) Ratings has assigned its “AAAspc” rating to the Crédit Agricole S.A. 2024 Renminbi Bonds (Series 1) (Bond Connect). Linked is the full Issue Rating Notice.
- Author
- Xiaochen Luan Jiancheng Yang Jiachuan Xu
- Sector
- Financial Services
- Issue Rating
- AAAspc
评级报告:法国农业信贷银行,2024年4月19日
2024年4月19日,标普信评发布法国农业信贷银行最新主体评级报告。
债项信用等级通知:评定法国农业信贷银行2024年第一期人民币债券(债券通)信用等级为AAAspc
标普信评评定法国农业信贷银行2024年第一期人民币债券(债券通)信用等级为AAAspc。以下链接为相关债项信用等级通知全文。