Analysis-Default dodged, but Country Garden's upcoming debt payments stir worries - Times of India
HONG KONG/NEW YORK: Creditors of Country Garden Holdings are doubtful the Chinese developer will be in a position to service debt that will come due later this year without liquidity support, after it averted a catastrophic default this week at the last minute. With its financial situation precarious and prospects of China’s property sector remaining grim, the offshore creditors expect the…
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