Automotive Nov 18, 2020 03:00 PM (GMT+8) · EqualOcean
On November 18, in response to the recent debt crisis of brilliance group, BMW China said: BMW Brilliance Automobile Co., Ltd. and brilliance group are independent legal entities. The current problem is only the matter of brilliance group, and the operation of our joint venture BMW Brilliance automobile company will not be affected. Brilliance group has attracted much attention due to the debt crisis recently, and its main credit and its bond ratings have been lowered for many times. Dagong international and Dongfang Jincheng have all the way lowered their credit rating from AAA to CCC.