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  7. S&P dumps Chinese property giant Evergrande into default

S&P dumps Chinese property giant Evergrande into default

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1 year 5 months ago - 1 year 5 months ago #1 by Editor
S&P dumps Chinese property giant Evergrande into default was created 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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