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Beek

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Beek

Re: None

Thursday, 12/09/2021 8:23:17 AM

Thursday, December 09, 2021 8:23:17 AM

Post# of 141062
The default happened a while ago, but it's official now that Fitch has downgraded to "Restricted Default" rating. It seems they had to allow for time for the default, the grace period to elapse, and then sufficient time to respond to a query (48-72hrs?) before the declaration and ratings change.

Funny part is Evergrande stock (3333.hk) is showing UP 4.05% this morning. O.O! Hmmm.

Ref: cnn.com/2021/12/09/investing/evergrande-default-fitch-intl-hnk/index.html

IMO/NFA
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