Ratings agency Fitch calls the downgrade but wider impacts remain unclear.
NBR staff Fri, 10 Dec 2021
China’s giant property group Evergrande has failed to pay interest due on US$1.2 billion of bonds, ratings agency Fitch has reported, resulting in its formal downgrade to ‘default’ status.
The spectre of Evergrande’s collapse has been looming over Asia’s capital markets for months,
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