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Fitch: Credit Event At China's Evergrande Could Have Broader Effects

CHINA

"Numerous sectors could be exposed to heightened credit risk if Chinese property developer Evergrande were to default, says Fitch Ratings. We believe a default would reinforce credit polarisation among homebuilders and could result in headwinds for some smaller banks, although we believe the overall impact on the banking sector would be manageable."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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