{"id":121886,"date":"2021-09-08T12:00:34","date_gmt":"2021-09-08T05:00:34","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fitch-says-some-kind-of-default-appears-probable-at-china-evergrande-cuts-debt-rating-along-with-moodys\/"},"modified":"2021-09-08T12:17:29","modified_gmt":"2021-09-08T05:17:29","slug":"fitch-says-some-kind-of-default-appears-probable-at-china-evergrande-cuts-debt-rating-along-with-moodys","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fitch-says-some-kind-of-default-appears-probable-at-china-evergrande-cuts-debt-rating-along-with-moodys\/","title":{"rendered":"Fitch says \u2018some kind of default appears probable\u2019 at China Evergrande, cuts debt rating along with Moody\u2019s"},"content":{"rendered":"


\nTwo major credit rating agencies have downgraded the long-term debt of the world\u2019s most indebted property developer, China Evergrande, saying the company faces a \u201chigh default risk\u201d.Fitch Ratings said on Wednesday that it cut its long-term foreign-currency issuer default ratings for the Shenzhen-based home builder and its subsidiaries to \u201cCC\u201d, which is four levels below what is considered investment-grade debt. It is the third time Fitch has downgraded Evergrande since June 22.\u201cThe downgrade\u2026
\n
\nSource : South China Morning Post
\nRead more…Fitch says \u2018some kind of default appears probable\u2019 at China Evergrande, cuts debt rating along with Moody\u2019s<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Two major credit rating agencies have downgraded the long-term debt of the world\u2019s most indebted...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-121886","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vHU","jetpack-related-posts":[{"id":122416,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fantasia-downgraded-to-default-status-by-rating-agencies-as-chinese-property-sector-crisis-worsens\/","url_meta":{"origin":121886,"position":0},"title":"Fantasia downgraded to default status by rating agencies as Chinese property sector crisis worsens","date":"October 6, 2021","format":false,"excerpt":"\r Fantasia Holdings Group, the debt-laden property developer founded by the niece of a former Chinese vice-president, has been downgraded to default or near default status by the three major credit rating agencies after it missed a bond repayment this week.The default by Fantasia adds to growing concerns about the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123726,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-kaisa-group-in-restricted-default-after-missing-bond-payments-fitch-says\/","url_meta":{"origin":121886,"position":1},"title":"China Evergrande, Kaisa Group in \u2018restricted default\u2019 after missing bond payments, Fitch says","date":"December 9, 2021","format":false,"excerpt":"\r Embattled Chinese property developer China Evergrande Group and Kaisa Group Holdings have been downgraded to \u201crestricted default\u201d by international rating agency Fitch Ratings.The downgrade on Thursday comes after several attempts by China Evergrande, the world\u2019s most indebted developer, to stave off such an event through last-minute bond payments a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123743,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-markets-slip-after-fitch-downgrades-evergrande-to-default\/","url_meta":{"origin":121886,"position":2},"title":"Chinese markets slip after Fitch downgrades Evergrande to default","date":"December 10, 2021","format":false,"excerpt":"\r Mainland regulators seek to reassure investors that property sector fallout will be contained\r \r Source : ft.com\r Read more...Chinese markets slip after Fitch downgrades Evergrande to default","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122130,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/default-by-china-evergrande-unlikely-to-spark-malaise-that-threatens-chinas-financial-system-analysts-say\/","url_meta":{"origin":121886,"position":3},"title":"Default by China Evergrande unlikely to spark malaise that threatens China\u2019s financial system, analysts say","date":"September 21, 2021","format":false,"excerpt":"\r A highly anticipated default by China Evergrande Group as soon as this week is unlikely to spark a broader malaise that threatens the overall stability of China\u2019s financial system in the same way the collapse of investment bank Lehman Brothers did during the global financial crisis in 2008, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122856,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-a-third-of-chinas-developers-may-face-pressure-with-us84-billion-in-debt-maturing-by-end-of-2022-sp-warns\/","url_meta":{"origin":121886,"position":4},"title":"Evergrande crisis: a third of China\u2019s developers may face pressure with US$84 billion in debt maturing by end of 2022, S&P warns","date":"October 27, 2021","format":false,"excerpt":"\r A third of China\u2019s property developers could see their liquidity \u201cacutely strained\u201d in the worst case scenario as weaker sentiment and new government regulations weigh on their funding sources, with a \u201creal\u201d risk of default as some US$84 billion in debt is set to mature by the end of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122480,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-default-alarms-put-thousands-of-suppliers-jobs-and-economy-at-risk-as-developers-ious-balloon\/","url_meta":{"origin":121886,"position":5},"title":"Evergrande: default alarms put thousands of suppliers, jobs and economy at risk as developer\u2019s IOUs balloon","date":"October 9, 2021","format":false,"excerpt":"\r The third of a three-part series on China Evergrande Group takes a deep dive into how the property developer\u2019s debt crisis is affecting thousands of suppliers across the construction, furnishings and real estate services sectors and how the fallout of an Evergrande collapse could affect China\u2019s economy.In October 2019,\u2026","rel":"","context":"In "Property 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