HONG KONG -- Moody's Investors Service on Friday cut real estate group China Vanke's issuer rating by two steps, saying the company faces continued uncertainty despite a show of support from its biggest shareholder.
China debt crunch
China developer Vanke near 'junk' status after Moody's downgrade
Ratings agency questions long-term funding access amid weak sales, cautious investors
Moody's Investors Service expects China's slow economic recovery and weak consumer confidence to continue hampering Vanke's sales. © Reuters
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