Bond prices at distressed levels suggest traders see an imminent default. Photo: Shutterstock Images
Sunac China bonds sink deeper into distress on Fitch’s second downgrade amid refinancing woes
- Most-active dollar bonds fell to less than a fifth of their face value, signalling heightened default risks
- Downgrade reflects increasing uncertainty over access to capital market to repay maturing debt, Fitch says
Bond prices at distressed levels suggest traders see an imminent default. Photo: Shutterstock Images
