This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Wanda Commercial Downgraded to C by Fitch Citing Distressed Debt Exchange
December 26, 2025
China’s Dalian Wanda Commercial Management Group (Wanda Commercial) and Wanda Commercial Properties Hong Kong (Wanda HK) were downgraded to C from CC, by Fitch. Their subsidiary Wanda Properties Global received consent from holders of 96% of its $400mn 11% dollar bond due February 2026, to amend the terms and waive a potential event of default. Fitch views this akin to a distressed debt exchange (DDE), thereby leading to the downgrade. The assessment takes into account the company’s high short-term debt obligations, liquidity pressure, and constrained access to capital markets. Separately, some analysts have noted that Wanda’s wealth management product holdings and tradable assets may not be treated as reliable cash due to access limitations. They added that plans to sell investment properties could face execution risk and weaken its business profile.
Wanda dollar bonds were trading stable with its 11% February 2026s at 94.8 cents on the dollar.
For more details, click here
Go back to Latest bond Market News
Related Posts:
S&P Upgrades Yanlord by One Notch to ‘BB’
March 16, 2018
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.