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Evergrande Finally Defaulted: What Happens Next

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Evergrande Has Finally Defaulted: Here’s What Happens Next BY TYLER DURDENTHURSDAY, DEC 09, 2021 – 04:11 PM This is the way Evergrande ends: not with a bang but a whimper. Three months after an initial shockwave of fear that China’s largest and most indebted property developer was set to default, roiled global markets only to see the company repeatedly kick the can on several occasions even as the final default was always just a matter of when not if (due to billions in interest payments and tens of billions in upcoming debt maturities), overnight ratings agency Fitch (with Moodys and S&P set to follow…

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