Evergrande dodges default
Over the last few days, the question of whether Evergrande defaulted has been widely reported. However, there appear to be two conflicting narratives. One says they did. The other more dominant narrative says they narrowly avoided it with a last-minute payment. Which was it?
Watch the above video for our research process and decision on this rating using the Stone software.
Our Rating: The Jury Is Out. It appears that at this stage, at least one creditor is filing legal proceedings claiming a default. But there is no official legal determination as of yet.