Residential Property Developers
TRIS Rating sees slowdown in housing demand and uncertain changes in market behaviors in the aftermath of the flood crisis, heightening credit risks of developers with high leverage and large concentration in low-rise projects. The outlooks of four property developers: Prinsiri PLC (PRIN), Property Perfect PLC (PF), Pruksa Real Estate PLC (PS), and Quality Houses PLC (QH), have been revised to “negative” from “stable”.