Evening of June 12th，Temperature 188bet mobile login Co., Ltd. (referred to as "Temperature 188bet mobile login") announced，Due to debt default，The main credit rating and the debt credit rating of "17 Tengbang 01" were downgraded from BBB to CC by China Chengxin Securities Rating Co., Ltd. (hereinafter referred to as "China Chengxin")。

This is the second time that the credit rating of Tempus 188bet mobile login bonds has been downgraded in the short term。June 6，CCX downgraded Tempus 188bet mobile login’s main credit rating and “17 Tempus 01” debt credit rating from AA to BBB，And put it on the credit rating watch list for possible downgrade。

Continuously encountered credit evaluation crisis，Mainly affected by the default of the "17 Tempus 01" bonds issued by Tempus 188bet mobile login。“17 Tempus 01” is one of Tempus 188bet mobile login’s existing bonds，Established on June 7, 2017，The total issuance scale is 1.5 billion yuan，The funds raised are intended to be used to repay loans from financial institutions and supplement working capital。According to plan，Tembon 188bet mobile login should complete the payment of interest accrued from June 7, 2018 to June 6, 2019 on June 7th。Morning of June 10th，Temperature 188bet mobile login’s external disclosure，Due to difficulties in capital turnover in the short term，Failed to pay 2019 interest in full and on time，Involves interest of about 1.1.3 billion yuan，The bond constitutes a substantial default。

Data display，Temperature 188bet mobile login was established in 1998，Main business includes business travel services、Supply chain logistics、Asset management, etc.，Once the leading company in Shenzhen Airlines ticketing agency，The sum of its sales revenue and business travel service revenue accounted for 97% of the total revenue in 2018.82%。

Since 2018，Tempus 188bet mobile login has repeatedly experienced liquidity crises，The bond default further exposed its debt crisis。As of the end of 2018，The total debt of Tempus 188bet mobile login reaches 191.7 billion yuan，Of which short-term liabilities are about 80.2.6 billion yuan，41 of total liabilities.87%。

Reported，As of December 31, 2018，Tembon 188bet mobile login has 29 more.2.1 billion yuan in monetary funds，Decreased by 32 compared with the same period last year.55%，Mainly due to the decrease in bank deposits。Among them，About 15.9.1 billion yuan in monetary funds as time deposits、Financial product funds and bill margin are restricted。

After half a year，The financial situation of Tempus 188bet mobile login has been unable to pay approximately 1.1.3 billion yuan of bond interest，The reason is still unknown。

*Source of this article: Beijing News,Author: Wang Qingbin, original title: "Bond default, Tempus 188bet mobile login’s main credit rating was downgraded to CC》.