Fitch says possible China Evergrande default may have broader effects

September 15, 2021

Article content HONG KONG — Rating agency Fitch said that numerous sectors could be exposed to heightened credit risk if China’s No.2 property developer Evergrande Group were to default, although the overall impact on the banking sector would be manageable.

“We believe a default would reinforce credit polarization among homebuilders and could result in headwinds for some smaller banks,” Fitch said in a note…

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