On April 26, Moody's downgraded the following ratings for China Vanke Co., Ltd. (“Vanke Enterprise” 02202.HK) and its wholly-owned subsidiary Vanke Real Estate (Hong Kong) Company Limited (“Vanke Hong Kong”):
穆迪：下调万科企业(02202.HK)公司家族评级至“Ba3”展望调整至“负面”
Moody's: Downgraded the Vanke Enterprise (02202.HK) family rating to “Ba3” and adjusted the outlook to “negative”
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