Brief: Fitch Upgrades Times China To 'CC' After Interest Paid Within Grace Period

Times China Holdings

10/08/2022 10:15

Aug 10 (Reuters) - FITCH:
    * UPGRADES TIMES CHINA TO 'CC' AFTER INTEREST PAID WITHIN
GRACE
PERIOD
    * EXPECT TIMES CHINA'S CAPITAL-MARKET ACCESS TO REMAIN
LIMITED IN
MEDIUM TERM
    * TIMES CHINA WILL CONTINUE TO FACE LIQUIDITY CHALLENGES,
WITH A
LARGE AMOUNT OF CAPITAL-MARKET MATURITIES, INTEREST PAYMENTS IN
2H22 & 1H23

Source text for Eikon:  ID:nFIT6BXwRn 
Further company coverage:  1233.HK 

 ((Reuters.Briefs@thomsonreuters.com;))