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China Evergrande shares and bonds slide amid debt deadline fears

Country's largest developer said to seek state help for restructuring plan

HONG KONG -- Shares and bonds of China Evergrande Group, the nation's largest and most indebted property developer, slumped after credit rating agency S&P Global warned of rising financial risks and concerns mounted over a looming cash crunch.

S&P on Friday said it had changed its outlook on the company's rating to negative, citing increasing liquidity pressure on the company over the next six months and likely weaker profit margins.

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