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China debt crunch

Moody's drops China Evergrande rating on lack of information

Dark clouds grow over country's big real estate developers

A visitor at Ocean Flower Island, a resort developed by China Evergrande Group. The property developer defaulted on debt payments last year, setting off a liquidity crisis that shook the Chinese property sector.   © Reuters

HONG KONG -- Moody's Investors Service has withdrawn its credit rating of debt-laden real estate developer China Evergrande Group due to insufficient information, the U.S. rating agency said Tuesday.

The move is a sign of deepening uncertainty over major property developers in China, as peers Sunac China Holdings and Kaisa Group have also had their ratings pulled.

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