Evergrande Defaults On Debt - Economystery

Evergrande Defaults On Debt

Evergrande Defaults On Debt

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Evergrand is standard for debts

Many plants real estate development companies China Evergrande Group (EGRY) defended their guilt and checked the FITCH rating. From the beginning of the afternoon, December 10, 2021, S&P Worldwide Ratings and Moody's had made no their own decisions about Evergande.

The decision of the FITCH classifications to explain that there is always ringing in the DE Standafard is based on the assumption that two interest payments should be made on December 6, when a pass period was made., e.g.B. the submission of bankruptcy.

  • The real estate developer China Evergrand Group (Eggyn) was declared the FITCH classifications as a DE standard for the debts.
  • The Miss custody of payments on December 6, 2021, when a repayment period was available.
  • Restructuring plans..
 Evergrande Defaults on Debt-ECONOMYSTERY.com

A Technical Standard For A Long Time

Evergrande has an overall obligations worth around three hundred billion US dollars. This number includes US dollars of around nineteen billion US dollars and is spent on offshore, a larger amount than out of a Chinese real estate development company.

We should have called this a technical standard for a long time, but according to Alicia Garcia-Mermero, chief economist in the Asia-Stop region in the French investment banking company Natixis, nobody dared to do so., to make it clear. Check the agencies must work.

Garcia-Merrero also indicated that it is an advantage for Evergranden and its investors if the company can occur as standard by default. In this way, the costs of Evergrand can restructure the debt in particular.

Standard Looks Inevitable

Although S&P Global Ratings has not officially found that Evergrande is standard, it has published a warning.

On December 3, 2021, Evergrand had published its own warning that it had difficulty fulfilling its financial obligations and that it was intended to actively implement the offshore credit credit comparison.required.

Evergrand -President Sells Shares

Evergrande Group -Chairman Hui Kai Yan sold 277.8 million shares in his company, something.

Measures were taken to conduct a security interest in the shares or the rights of shares against HUI in accordance with the unveiled transfer of the legislative submission.

The real estate developer China Evergrand Group (Eggyn) was declared the FITCH classifications as a DE standard for the debts.The Miss custody of payments on December 6, 2021, when a repayment period was available.Restructuring plans.

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