S&P Downgrades Shanghai’s Greenland, Likens Bond Extension to Default
Greenland sold off the final two phases of its Ram Quarter development in London earlier this year S&P Global Ratings on Wednesday downgraded Greenland Holding after judging the mainland developer’s payment extension on an offshore bond as a default in all but name. The agency cut the long-term issuer rating…
bubmagJune 22, 2022