HONG KONG -- Moody's Investors Service has withdrawn its credit rating of debt-laden real estate developer China Evergrande Group due to insufficient information, the U.S. rating agency said Tuesday.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HONG KONG -- Moody's Investors Service has withdrawn its credit rating of debt-laden real estate developer China Evergrande Group due to insufficient information, the U.S. rating agency said Tuesday.