Dec 9, 2021CORE
Evergrande Rated in Restricted Default on Offshore Debt
After offshore bond coupon payments remained unpaid at the end of their grace periods, Fitch downgraded Evergrande to restricted default.
Sources
- Evergrande, Kaisa cut by Fitch to default after missed payment deadlinesReutersENNews article
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OngoingEconomy · 2021
China Property Crisis and Evergrande Collapse
Tracks China's property crisis from Evergrande's 2021 liquidity crunch and default through unfinished housing and mortgage boycotts, Country Garden's debt crisis, Evergrande's liquidation and delisting, government rescue measures, and the 2026 reform of the housing presale system.
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