Tag: defaulting
The fines for defaulting companies are not enough
Dusseldorf There must be a penalty: medium-sized or large corporations who do not publish their financial statements no later than twelve months after the end of the financial year are…
Fitch sees Evergrande and Kaisa defaulting on payments
Beijing The heavily indebted Chinese real estate developer Evergrande continues to move towards the abyss. As the first of the major international rating agencies, Fitch further downgraded Evergrande and its…