Evergrande - I'm not a financial expert, but this is going to happen tomorrow
(www.solactive.com)
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I believe the real impact will happen when one of the western rating agencies downgrade it to actual "bankrupt" status. This will trigger all companies who are exposed to Evergrande to be forced to write off their investments, potentially exposing themselves as bankrupt in turn - with a cascading effect
EvGra still has to cover their Debts, no matter what.....
So yeah, I'm sure they'll probably ho Bankrupt soon.....
Which type of Bankrupt is the question....
And HOW will this Affect their Investors who have been left holding the bag???
What other Corporations are directly Connected to EVGra, that have a Direct Financial or Material Connection??