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Aug.05 — China Evergrande Group’s debt rating has been slashed deeper to one of the lowest levels of junk by S&P, saying the crisis of confidence by investors and lenders would squeeze the developer’s access to funding. This comes ahead of long awaited results from the other debt-ridden firm, China Huarong Asset Management Co. Bloomberg’s Rebecca Choong Wilkins reports on “Bloomberg Daybreak: Asia.
...read full article on Bloomberg Markets and Finance
