China #Evergrande fell 7% to hit new record low.S&P on Fri cut Evergrande to selective #default after it failed to make coupon payments

China #Evergrande fell 7% to hit new record low.
S&P on Fri cut Evergrande to selective #default after it failed to make coupon payments by end of grace period earlier Dec.
Evergrande asked for the rating to be withdrawn after the downgrades, S&P said.

Hat Tip via Twitter: @YUAN TALKS

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