S&P dumps Chinese property giant Evergrande into default!

[micromachine]

The poster child of China's property crisis China Evergrande Group was officially declared in default by credit rating agency S&P Global on Friday after the sprawling firm missed a bond payment earlier this month.

"We assess that China Evergrande Group and its offshore financing arm Tianji Holding Ltd. have failed to make coupon payments for their outstanding U.S.-dollar senior notes," S&P said in a statement.

https://shrtcô.de/CNpeIw

 

[winners]

The owner is too filled with greed that leads to his downfall today, a typical Chink's character. Most Chinks will like to show off once they have the capability.