{"id":123726,"date":"2021-12-09T17:30:10","date_gmt":"2021-12-09T10:30:10","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-kaisa-group-in-restricted-default-after-missing-bond-payments-fitch-says\/"},"modified":"2021-12-09T18:16:11","modified_gmt":"2021-12-09T11:16:11","slug":"china-evergrande-kaisa-group-in-restricted-default-after-missing-bond-payments-fitch-says","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-kaisa-group-in-restricted-default-after-missing-bond-payments-fitch-says\/","title":{"rendered":"China Evergrande, Kaisa Group in \u2018restricted default\u2019 after missing bond payments, Fitch says"},"content":{"rendered":"


\nEmbattled 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 couple of times over the past two months.Fitch said that Kaisa had reportedly failed to make payments on its US dollar bonds due on December 7 and\u2026
\n
\nSource : South China Morning Post
\nRead more…China Evergrande, Kaisa Group in \u2018restricted default\u2019 after missing bond payments, Fitch says<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Embattled Chinese property developer China Evergrande Group and Kaisa Group Holdings have been downgraded to...<\/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-123726","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-wbA","jetpack-related-posts":[{"id":123651,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/all-eyes-on-china-evergrande-kaisa-as-indebted-mainland-developers-face-bond-repayment-deadlines\/","url_meta":{"origin":123726,"position":0},"title":"All eyes on China Evergrande, Kaisa as indebted mainland developers face bond repayment deadlines","date":"December 6, 2021","format":false,"excerpt":"\r All eyes are once again on embattled Chinese developers, as they face bond repayment deadlines on Tuesday.Investors will be closely watching if China Evergrande Group, the mainland\u2019s most indebted developer, will officially default on its public debt for the first time and whether it will be joined by another\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124038,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-crisis-if-last-year-was-bad-for-the-likes-of-evergrande-kaisa-and-fantasia-just-wait-for-2022-as-more-pain-predicted-for-investors\/","url_meta":{"origin":123726,"position":1},"title":"China property crisis: if last year was bad for the likes of Evergrande, Kaisa and Fantasia, just wait for 2022 as more pain predicted for investors","date":"January 1, 2022","format":false,"excerpt":"\r Last year has no doubt been difficult for Chinese developers and the pain could get worse in the new year for companies, homebuyers and investors alike. A liquidity crunch amid slowing home sales are likely to dominate sentiment.China Evergrande, Kaisa Group, Fantasia Holdings and Modern Land (China) all made\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124296,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-kaisa-and-other-indebted-developers-get-a-break-as-chinas-rate-cuts-release-funds-to-relieve-their-cash-crunch-and-mounting-debt\/","url_meta":{"origin":123726,"position":2},"title":"Evergrande, Kaisa and other indebted developers get a break as China\u2019s rate cuts release funds to relieve their cash crunch and mounting debt","date":"January 20, 2022","format":false,"excerpt":"\r China\u2019s publicly traded developers soared on the stock market, as the first cut in mortgage rates in two years combined with a government plan to grant them easier access to sales receipts brought much-needed relief to their cash crunch and mounting debt.The Hang Seng Mainland Properties Index, which tracks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121886,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fitch-says-some-kind-of-default-appears-probable-at-china-evergrande-cuts-debt-rating-along-with-moodys\/","url_meta":{"origin":123726,"position":3},"title":"Fitch says \u2018some kind of default appears probable\u2019 at China Evergrande, cuts debt rating along with Moody\u2019s","date":"September 8, 2021","format":false,"excerpt":"\r Two 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123164,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-kaisa-downgraded-as-crucial-payment-deadlines-near\/","url_meta":{"origin":123726,"position":4},"title":"Chinese developer Kaisa downgraded as crucial payment deadlines near","date":"November 11, 2021","format":false,"excerpt":"\r Property company is second-biggest borrower on international high-yield markets after Evergrande\r \r Source : ft.com\r Read more...Chinese developer Kaisa downgraded as crucial payment deadlines near","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123114,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-kaisa-pleads-for-patience-as-market-strife-spreads\/","url_meta":{"origin":123726,"position":5},"title":"Chinese developer Kaisa pleads for \u2018patience\u2019 as market strife spreads","date":"November 9, 2021","format":false,"excerpt":"\r Real estate groups including Evergrande rush to sell assets as contagion reaches higher-rated debt\r \r Source : ft.com\r Read more...Chinese developer Kaisa pleads for \u2018patience\u2019 as market strife spreads","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123726"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=123726"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123726\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}