Standard & Poor’s cuts Greenland’s state-backed Chinese property developer into ‘selective default’

A sign of Greenland Holdings Corp. Ltd. Register now to get free unlimited access to Reuters.com Register HONG KONG (Reuters) – Rating agency Standard & Poor’s Global downgraded China’s state-backed Greenland Holdings Inc (600606.SS) on Wednesday to “selective default” after the property developer extended the maturities of its $500 million bond. by one year. Shanghai-based …

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