Brilliance Group has recently attracted much attention due to the debt crisis, and its main credit and bond rating have been downgraded many times. The credit ratings of Dagong International and Oriental Jincheng were downgraded from the initial AAA level to CCC level today.
165438+ 10 month 16. Brilliance Group announced that at present, the total amount of debts defaulted by Brilliance Group is 6.5 billion yuan, and the total amount of overdue interest is1440,000 yuan. Due to the shortage of funds in the enterprise, the approval of continuing credit extension was not completed, which led to the inability to repay. This debt default has affected the production and operation of the headquarters of Brilliance Group, resulting in the deterioration of the financial situation and greatly affected the solvency.
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165438+1October 13, the case number (2020) Liao 0 1 Poshen No.27 published by the National Enterprise Bankruptcy and Reorganization Information Network shows that Gezhi Automobile Technology Co., Ltd. applied to Shenyang Intermediate People's Court of Liaoning Province for bankruptcy and reorganization of Brilliance Group.
At present, Brilliance Group has a debt of over 100 billion yuan. Brilliance Group's 2020 semi-annual bond report shows that the total debt of the group is 132844 billion yuan, and after deducting goodwill and intangible assets, the asset-liability ratio is 7 1.4%. The ending balance of cash and cash equivalents was 32.677 billion yuan. Wind data shows that the debt ratio of domestic car companies is mostly below 60%.