China Evergrande stock price tumbled by 9.4% as company has 120 Billion USD debt and rating agencies shows concern
S&P Credit rating agency downgraded the outlook of EVERGRANDE from Stable to Negative.
Getting further debt from international banks would be difficult as one of top Credit rating agency had given rating negative to EverGrande.
All companies who are sitting on huge debt should plan properly and prepare roadmap related to how to clear part of their debt.
Better not to take debt beyond company capacity to repay.