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S&P Global downgrades China Evergrande, subsidiaries

August 6, 2021 SHANGHAI (Reuters) – S&P Global has downgraded the ratings of heavily indebted developer China Evergrande Group and its subsidiaries, citing an escalating risk of non-payment of debt. S&P downgraded Evergrande and subsidiaries Hengda Real Estate Group Co Ltd and Tianji Holding Ltd to “CCC” from “B-” and lowered the long-term issue rating […]

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