A peeling logo of the Evergrande Oasis, a housing complex developed by Evergrande Group, is pictured outside the construction site where the residential buildings stand unfinished, in Luoyang, China September 16, 2021. Picture taken September 16, 2021. REUTERS/Carlos Garcia Rawlins
SINGAPORE, Sept 21 - S&P Global Ratings said it does not expect Beijing to provide any direct support to embattled China Evergrande Group , amid growing investor fears the property giant could default on its debt mountain as two repayment deadlines loomed. "We believe Beijing would only be compelled to step in if there is a far-reaching contagion causing multiple major developers to fail and posing systemic risks to the economy," the rating agency said in a note dated Sept 20.Evergrande's shares have taken a hammering in recent days after Chinese regulators warned that its $305 billion in liabilities could lead to widespread losses in China's financial system if its debts were not stabilised.
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
good
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P Global says default by China Evergrande could test government's capacity to backstop 'potentially substantial failures'S&P Global Ratings said Monday a default by Chinese property developer China Evergrande Group will neither lead to a tidal wave of defaults nor mere ripples... good luck
Source: MarketWatch - 🏆 3. / 97 Read more »
World stocks tumble over Evergrande contagion fearsEvergrande, one of China's biggest developers, is on the brink of collapse as it wallows in debts of more than $300 billion.
Source: trtworld - 🏆 101. / 63 Read more »
Why Evergrande has suddenly exploded into a potential global financial market crisisThere's a risk to the stock market that's not covid or inflation. Here's what's going on with Evergrande: nice Oh no, not again.
Source: MarketWatch - 🏆 3. / 97 Read more »
High-level talks on sidelines of UNGA may signal what's to come at UN climate summitHigh-level talks in New York City and Washington this week will provide more signals about what might get done — or not — at the critical United Nations climate summit this fall.Driving the news: British Prime Minister Boris Johnson and U.N. Secretary-General António Guterres will convene a closed-door gathering of leaders Monday morning on the sidelines of the U.S. General Assembly.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeThe meeting wi THIS/ COP26 COP26Glasglow WattEVDoYouDrive?
Source: YahooNews - 🏆 380. / 59 Read more »
'Big Bang Theory' and 'Jeopardy!' Fans Cannot Deal With Mayim Bialik’s Latest TikTokMayim Bialik, new 'Jeopardy!' host and 'Big Bang Theory' actress, had her fans laughing for days after posting a new TikTok to her account.
Source: Women's Health - 🏆 475. / 51 Read more »
Emmys fans furious as Michael K Williams doesn't win award weeks after deathMichael K Williams died earlier this month at the age of 54 and had been expected to win the gong for best supporting actor in a drama
Source: Mirror Celeb - 🏆 476. / 51 Read more »