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China’s Evergrande labelled defaulter by S&P for failed coupon payments

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3 years ago

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China’s Evergrande labelled defaulter by S&P for failed coupon payments

China Evergrande Group was listed as a defaulter by Standard & Poor’s Global Ratings, which is the second credit risk assessment agency to do so.

Since Evergrande failed to pay the coupon before the end of the grace period earlier this month, Standard & Poor’s Global downgraded it to “selective default,” a move that may trigger a cross default of developers’ $19.2 billion debt. S&P Global also revoked the rating of the group at the request of Evergrande.

Fitch Ratings took the lead in announcing the default of the real estate developer on December 9. For a long time, Evergrande has been considered by many investors to be too large to fail, becoming the biggest victim of Chinese President Xi Jinping’s control of the country’s debt-laden conglomerate and the overheated real estate market. As liquidity pressures intensify, concerns have spread to Shimao Group holdings and other companies with higher ratings.

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Earlier this month, the governor of the People’s Bank of China stated that Evergrande’s situation must be dealt with by the market, indicating that Beijing will not bail out the world’s most indebted developer because it is struggling with more than $300 billion in debt. Evergrande has stated that it plans to “actively engage” with overseas creditors regarding the restructuring plan. People familiar with the matter said separately that the company intends to include all of its offshore public bonds and private debt. Holders of Evergrande bonds, including Marathon Asset Management, said they expect offshore creditors to be close to the bottom of the repayment queue. According to people familiar with the matter, Evergrande is giving priority to payments to migrant workers and suppliers because the regulator urges the funding-strapped developer to avoid any risk of social unrest.

As the group’s stocks and bonds plummeted, founder Xu Jiayan’s wealth has shrunk by $17.2 billion this year. The second richest man in Asia, who once had a fortune of 42 billion US dollars, is now worth 6.1 billion US dollars.

Complete News Source : Hindustan Times

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$92.8 million

To All The Boys star Lana Condor shares wedding video and it is straight out of a rom-com. Watch

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3 weeks ago

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January 30, 2025

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To All The Boys star Lana Condor shares wedding video and it is straight out of a rom-com. Watch

Lana Condor and Anthony De La Torre married in a picturesque hillside setting in Malibu, California, in October 2024. The couple shared their intimate wedding video, which captured their smiles and heartfelt tears. The video featured drone shots of picturesque hills and the wedding venue.

As well as close-ups of Lana in her wedding gown and emotional moments. The couple also included an after-party celebration where the couple cut the cake and guests danced the night away. Lana Condor is known for her role in.

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To All the Boys I’ve Loved Before trilogy, while Anthony De La Torre is an actor and musician. The couple first met in 2015 and got engaged in 2022. The couple has also starred in Boo, Bitch, X-Men Apocalypse, and Deadly Class.

Lana Condor, renowned for her portrayal of Lara Jean Covey in the “To All the Boys I’ve Loved Before” film series, recently shared a heartfelt wedding video that has captivated fans worldwide. The video, reminiscent of a romantic comedy, offers an intimate glimpse into her wedding day with actor and musician Anthony De La Torre.

A Dreamy Malibu Wedding

In late October 2024, Lana and Anthony exchanged vows in a picturesque ceremony at the Serra Retreat Center in Malibu, California. The venue, nestled atop the Malibu mountains, provided a serene backdrop for the couple’s special day. Lana chose the location because she had visited it with her late mother during her childhood, making it a place of profound personal significance.

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The Wedding Video

Lana’s wedding video captures the essence of their love story, blending candid moments with cinematic elegance. The footage showcases the couple’s first look, heartfelt vows, and the joyous celebration that followed. The video has been lauded for its authenticity and the palpable chemistry between Lana and Anthony, evoking the charm of a classic romantic film.

A Nod to ‘To All the Boys’

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The wedding video has drawn parallels to the “To All the Boys” series, where Lana’s character navigates the complexities of young love. Fans have noted the similarities between the fictional romance and the real-life love story, highlighting the serendipitous nature of Lana’s journey from on-screen romance to real-life happiness.

Lana and Anthony’s Journey

Lana and Anthony’s relationship began in 2015 after meeting at an Emmy Awards party. They announced their engagement in January 2022 and have since been a beloved couple in the entertainment industry. Their wedding marks a new chapter in their shared journey, celebrated by fans and peers alike.

Celebrating Love and Life

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Lana’s wedding video serves as a testament to love’s enduring power and the beauty of shared moments. It resonates with many, offering a glimpse into the joy and commitment that define a lasting partnership.

For a visual experience of Lana and Anthony’s wedding, you can watch the following video:

Lana Condor, celebrated for her role as Lara Jean Covey in “To All the Boys I’ve Loved Before,” recently shared a wedding video that feels straight out of a romantic comedy. In late October 2024, she married actor and musician Anthony De La Torre in an intimate ceremony at the Serra Retreat Center in Malibu, California.

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The video captures the couple’s heartfelt vows, candid moments, and the joyous celebration that followed. Lana wore a stunning Vera Wang gown, a choice she had made two years earlier with her late mother. people.com The ceremony was described as timeless and airy, set atop the Malibu mountains

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