China’s Evergrande defaults, but what’s next?
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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NBR staff
Fri, 10 Dec 2021
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