Fitch Lowers Evergrande Rating on Likely Missed Interest Payment

Rating agency Fitch has downgraded cash-strapped Chinese property giant Evergrande from CC, or a very high level of credit risk, to C, or near default. Fitch said in a Sept. 28 rating action announcement it had downgraded both Evergrande and its subsidiaries Hengda and Tianji, due to a likely missed bond coupon payment. “The downgrades reflect that Evergrande is likely to have missed interest payment on its senior unsecured notes and entered the consequent 30-day grace period before non-payment constitutes an event of default,” Fitch analysts wrote in the announcement. Last week, Evergrande missed a Sept. 23 deadline on an $83.5 million coupon payment on a dollar bond, coming a day after its main property business in China said it had privately negotiated with onshore bondholders to settle a separate coupon payment on a yuan-denominated bond. The company hasn’t issued any public statements about the missed payment, though several bondholders were …

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Taliban Says US Will Face ‘Consequences’ If It Continues Drone Activities in Afghanistan

Wed Sep 29 , 2021
The Taliban terrorist group on Wednesday demanded the United States, among other countries, to abort its drone patrols over Afghan airspace or face “negative consequences.” “Afghanistan’s sacred airspace is being occupied by U.S. drones,” Taliban spokesperson Zabihullah Mujahid wrote on Twitter. “These violations must be corrected and prevented.” “We call on […]
Taliban Says US Will Face ‘Consequences’ If It Continues Drone Activities in Afghanistan

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