BREAKING: Evergrande has defaulted for the first time, again.
Property giant EVERGRANDE defaults on debt…Global impact? Hong Kong (CNN Business)Evergrande, the embattled Chinese property developer, has defaulted on its debt, according to Fitch Ratings. The credit ratings agency on Thursday downgraded the company and its subsidiaries to “restricted default,” meaning that the firm has failed to meet its financial obligations. Fitch said the downgrade … Read more