Credit of Chinese developers improving

Credit quality of property developers is improving, signalled by rebounding sales and the ability of companies to tap international capital markets to raise funds, according to US ratings agency Moody's Investors Service.

China has waged a two-year campaign to stamp out property speculation by restricting purchases and to cool towering prices, but at the same time has stifled developers' finances.

via Business feed http://www.scmp.com/business/china-business/article/1072828/credit-chinese-developers-improving