Evergrande Default

China Evergrande Group is unlikely to receive direct government support and is on the brink of defaulting on upcoming debt payments SP Global Ratings said. Evergrande has warned investors twice in as many weeks that it could default on its debts.

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Bloomberg -- China Evergrande Group slid deeper in equity and credit markets Tuesday fueling concerns about broader contagion after SP Global Ratings said the developer is on the brink of default.

Evergrande default. Shares of China Evergrande the troubled property giant whose fate has contributed to jitters in global markets fell again on Tuesday amid a new prediction that it would soon default. Evergrande is once again warning that it could default on its huge debts as it struggles to cut costs or find anyone to buy some of its assets.

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