China Evergrande Group, the Chinese developer whose liquidity crisis has shaken the nation’s credit markets, has defaulted for the first time on dollar debt.
The property giant’s long-term foreign-currency issuer default rating was cut to restricted default at Fitch Ratings, which cited missed dollar bond interest payments whose grace period expired Dec. 6.
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December 09, 2021 at 03:10PM
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Evergrande Defaults for First Time as China Debt Strains Spread - Bloomberg
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