EFEBeijing

Chinese real estate company Evergrande suffered two cuts this week in the rating of its debt by Fitch and Moody's agencies, spreading fears of bankruptcy among the company, which owes about $ 305 billion.

Moody's cut the company's valuation Tuesday, with Fitch doing the same a day later by lowering the rating from CCC+ to CC, warning of "high risk of default." EFE

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