The crisis engulfing the Chinese property sector deepened sometime late last year. Fantasia, Sinic, Evergrande – property developers started defaulting one after another.
In 2021, Moody’s, Fitch and S&P downgraded Chinese developers’ ratings 43, 54 and 30 times respectively, compared with six, 12 and 11 in 2020. How have the developers' ratings changed since then?
Here's a list of prominent Chinese property developers that have been downgraded since Oct 2021.
