1 month Fitch moves to downgrade Evegrande and its subsidiaries, Hengda and Tianji, to restricted default Forexlive    

On the downgrade, Fitch notes that:”This reflects the non-payment of coupons due 6 November 2021 for Tianji’s USD645 million 13% bonds and USD590 million 13.75% bonds after the grace period lapsed on 6 December. The non-payment is consistent with an ‘RD’ rating, signifying the uncured expiry of any

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