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S&P dumps Chinese property giant Evergrande into default

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5 months 2 hours ago - 5 months 2 hours ago #1 by Editor

The poster child of China's property crisis China Evergrande Group (3333.HK) was officially declared in default by credit rating agency S&P Global on Friday after the sprawling firm missed a bond payment earlier this month.

"We assess that China Evergrande Group and its offshore financing arm Tianji Holding Ltd. have failed to make coupon payments for their outstanding U.S.-dollar senior notes," S&P said in a statement.

www.reuters.com/world/china/sp-dumps-chinese-property-giant-evergrande-into-default-2021-12-17/

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