Photographer: ChinaFotoPress/Getty Images

China Developer With Debt Rated CCC+ Says Money Good for Payment

  • Evergrande default risk surged to 6.2 percent: Bloomberg Model
  • Company's `refinancing needs are very heavy,' Nomura says

China’s second-largest developer says it can easily meet obligations after Standard & Poor’s said a doubling in debt last year left it vulnerable to non-payment.

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