Shandong Ruyi misses coupon payment but avoids default

By Rebecca Feng
19 Mar 2020

Shandong Ruyi Technology Group has had an interesting month: firing its onshore ratings agency, missing an interest payment on a bond, and then promising to repay the money privately to avoid a public default. The actions have triggered worries that more cash-strapped companies will follow its example. Rebecca Feng reports.

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