China property developers see prospects improve

03 Aug 2009

Standard & Poor’s has revised its short-term outlook for Chinese real estate developers to neutral from negative on signs of improved market conditions and greater access to funding. However, it issues some caveats, including volatility in the global economy and the threat of an asset bubble forming and bursting.

Ratings agency Standard & Poor’s has revised upwards its short-term outlook for Chinese real estate developers to neutral from negative, citing improving conditions and easier access to financing.

During the global financial crisis, S&P downgraded the ratings outlook for 10 out of 13 developers in mainland China because funding ...

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