Fitch downgrades Evergrande’s credit rating China Evergrande’s bankruptcy is becoming increasingly likely. The rating agency Fitch has further downgraded the highly indebted real estate giant. The experts now rate the creditworthiness of China’s second-largest property developer as “Restricted Default” (RD), which is the second-lowest level and is close to total default. The $300 billion indebted groups have defaulted on payments. …
from Engine Forex https://engineforex.com/stock-take-09-12-2021/
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