yy777ph| Moody's downgraded its rating again, and Vanke responded: firmly opposed it and hoped to accurately evaluate and reflect the company's situation

In response to the situation that Moody's, an overseas rating agency, once again downgraded the credit rating of Vanke, a leading real estate company, to Ba3, Vanke said on April 27th that its operation remained stable, contract sales continued to maintain its leading position in the industry, and financial institutions supported the company as always. Shenzhen state assets and major shareholders supported the company and continued to provide substantive support. The rating agencies are based on a pessimistic outlook for the industry and concerns about corporate uncertainty.Yy777phThe decision to adjust the company's rating does not fully and effectively reflect the company's positive actions in terms of operation, financing and liquidity, and will mislead the market and aggravate unnecessary panic.

It can be seen that, in addition to Vanke, Moody's recently downgraded the ratings of many high-quality real estate enterprises in China Sea, Longhu, Jinmao, Greentown and so on.

Vanke firmly opposes the decision made by Moody's and hopes that Moody's can accurately evaluate and reflect the company's situation and maintain market stability.

On April 14 this year, Vanke held an investor exchange meeting, Vanke said that from the overall operating situation, the current Vanke did encounter phased operational difficulties, liquidity short-term pressure. However, Vanke has formulated a package of plans to stabilize operations and reduce liabilities, which can properly resolve these phased pressures. It is understood that Vanke will strengthen bulk trading and equity trading work this year, with a payback of more than 30 billion yuan.

Vanke management said that Vanke will be based on "self-help", based on its own ability and resourcesYy777phI defuse the risks, reopen and review all the businesses on hand, sort them out, and formulate targeted plans. The second is to make full use of all kinds of existing financing tools, which have been actively mobilized to make good use of a series of policy financing tools issued by the central government that are conducive to the industry to defuse risks. As said at the performance conference, Vanke is confident that the debt will be reduced by 100 billion yuan this year and next, and the debt risk will be substantially resolved. At the same time, Vanke also solemnly promised that all projects of Vanke Group will ensure timely and high-quality delivery.