Posted on Dec 9, 2021

Evergrande, Kaisa cut by Fitch to default after missed payment deadlines

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Chinese companies Evergrande and Kaisa just defaulted on their debt payment. Some wonder if their status in 2021 is anything like Lehman Brothers back in 2008.

Evergrande, Kaisa cut by Fitch to default after missed payment deadlines

Posted from reuters.com

Posted in these groups: China

China

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Economy

International Affairs

Posted 3 y ago

Responses: 1

PFC David Foster

Posted 3 y ago

Hope that doesn't set off some kind of world crunch like Fanny May did.

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Comment

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1stSgt Nelson Kerr

3 y

This one is not a surprise and not so finacially globally spread, So there is a good chance it will not.

(1)

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Evergrande, Kaisa cut by Fitch to default after missed payment deadlines

Evergrande, Kaisa cut by Fitch to default after missed payment deadlines

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