by Scrolling_Scroller
Looks like the process is moving along! LFG!!!
Link to tweet of official declaration from the Shanghai stock exchange:
Yanghe announced on Shanghai Stock Exchange that Evergrande defaulted to pay the principal and interest of a financial product due to the date on Nov.29 and the total is 72.5m RMB. It's a piece of iceberge of its huge demestic debts. It's another wake-up call for Wall Street. pic.twitter.com/E4XbLpZj1f
— Bai Xiaojun (@oriental_ghost) December 9, 2021
Link to Fitch report on the downgrade:
https://www.fitchratings.com/entity/china-evergrande-group-88756458