The ratings agency said Evergrande had missed bond repayments after the grace period lapsed on December 6. Photo: AFP
The ratings agency said Evergrande had missed bond repayments after the grace period lapsed on December 6. Photo: AFP

Evergrande joins Kaisa in ‘restricted default’ after missing bond payments, Fitch says

  • Fitch says Kaisa had reportedly failed to make payments on its US dollar bonds due on December 7 and had not responded to requests for comment
  • A restricted default means that a company is in payment default but has not entered into formal winding-up procedures

Topic |   China Evergrande Group
The ratings agency said Evergrande had missed bond repayments after the grace period lapsed on December 6. Photo: AFP
The ratings agency said Evergrande had missed bond repayments after the grace period lapsed on December 6. Photo: AFP
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