The Taikoo Li shopping mall in Chengdu. Photo: SCMP
The Taikoo Li shopping mall in Chengdu. Photo: SCMP

State-owned home builder Sino-Ocean Group has credit rating cut to junk by Fitch, following Moody’s downgrade in August

  • Fitch said that the downgrade reflected tightened liquidity at a Sino-Ocean finance unit
  • The company jointly developed the Sino-Ocean Taikoo Li Chengdu shopping centre with Swire Pacific in southwestern Sichuan Province

The Taikoo Li shopping mall in Chengdu. Photo: SCMP
The Taikoo Li shopping mall in Chengdu. Photo: SCMP
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