ChordNews
← All news

Fitch Places Zhuhai Huafa on Negative Watch on Refinancing Risk

By ChordNews · First written (updated )

Comments 0

Summary

Fitch Ratings has placed Zhuhai Huafa Group Co., one of China's biggest local-government-owned conglomerates, on rating watch negative over heightened refinancing risks. The step signals an increased possibility of a downgrade. The move came days after a selloff in the company's offshore bonds.

This continues an earlier story: Chinese Conglomerate Huafa's Bonds Plunge in Record Selloff as It Seeks to Extend Debt Payments

Later: Huafa's $62 Billion Debt Strain Triggers China's Worst Credit Selloff in Two Years

Timeline

  1. Bloomberg

    Source ↗

    Bloomberg reports that Fitch Ratings placed Zhuhai Huafa Group Co. on rating watch negative over heightened refinancing risks, a step that signals an increased possibility of a downgrade.

Comments

No comments yet.

    to like and comment.

    © 2026 ChordNews