Shandong-based Zhongrong Xinda lowered to CCC- by S&P
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Asia

Shandong-based Zhongrong Xinda lowered to CCC- by S&P

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Zhongrong Xinda Group, based in China’s Shangdong province, has been downgraded to CCC- for rising bond refinancing risk. The company is one of a number of firms from the same province facing financial pressure.

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