Moody’s cuts China South City to B2

Moody's Investors Service said it downgraded China South City Holdings Ltd.'s (CSC) corporate family rating to B2 from B1.

The outlook is negative.

"The downgrade reflects our expectation of continued weak contracted sales and credit metrics for CSC in the next 12 to 18 months, which will position the company in the mid-B rating range," Moody's assistant vice president and analyst Stephanie Lau said in a news release.

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