Concerns are rising about the high level of debt carried by China’s developers. Photo: AFP
Concerns are rising about the high level of debt carried by China’s developers. Photo: AFP

Evergrande crisis: a third of China’s developers may face pressure with US$84 billion in debt maturing by end of 2022, S&P warns

  • More than half of rated Chinese property developers have junk-rated debt, S&P says
  • Risk of default is ‘real’ as massive pile of offshore, onshore debt set to mature by December 2022

Topic |   Banking & finance
Concerns are rising about the high level of debt carried by China’s developers. Photo: AFP
Concerns are rising about the high level of debt carried by China’s developers. Photo: AFP
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