News for Times China Holdings Limited (1233.HK)

Key Takeaways: Shares of smaller developers like Yuzhou and Aoyuan have plunged this year under similar, if not bigger, liquidity pressures to those faced by giants like Evergrande and Country Garden Moody’s downgraded its outlook for China’s entire property sector to ‘negative’ last month

Tanking shares and missed debt payments for smaller, privately-owned names like Yuzhou, Times China and Aoyuan are a lesser-known story in China’s stressed-out real estate sector.

The significance of private Chinese property developers on the global real estate scene will continue to dwindle in the next few years, as they are overshadowed by their state-owned counterparts. Rating agencies and analysts note the rapid decline of offshore dollar bond issuance by Chinese property participants.

Rating Action: Moody's affirms Times China's Ba3/B1 ratings; changes outlook to negativeRead the full article at Moody's