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