Tianjin debt crisis deepens as Tewoo loses IG
The Tianjin government’s waning support for local corporations was brought into focus this week, when Fitch downgraded Chinese dollar bond issuer Tewoo Group by a hefty six notches. It was the latest warning sign of the debt-servicing ability of the city’s struggling state-owned enterprises (SOEs). Addison Gong reports.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: