China Evergrande Group said on Tuesday its interest-bearing indebtedness has dropped to around 570 billion yuan 8823 billion from 7165. Debt-laden China Evergrande Arranges 175 Billion of Funds to Repay Offshore Bonds HONG KONG Reuters -Chinas most.
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Moodys Investors Service downgraded China Evergrande Groups credit rating by one notch to B2 as the debt-ridden property developer struggles to ease its debt crunch.
Evergrande group debt. The downgrade reflects Evergrandes weakened funding access and reduced liquidity buffer given its large debt. HONG KONG -- China Evergrande Group the worlds most indebted property developer has arranged to use 175 billion of its own. China Evergrande Group 3333HK said on Tuesday its interest-bearing indebtedness has dropped to around 570 billion yuan 8823.
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