The content originally appeared on: CNN Fitch Ratings on Thursday declared that the embattled property developer has entered 'restricted default,' reflecting the company's inability to pay overdue interest earlier this week on two dollar bonds. The payments were due a month ago, and grace periods lapsed Monday. Evergrande's apparent failure to pay that interest has revived fears about the future of the company, which is reeling under more than $300 billion of total liabilities. Evergrande is massive - it has […]
