HONG KONG (S&P Global Ratings) Dec. 7, 2021--S&P Global Ratings said today that a demand by a creditor that China Evergrande Group repay US$260 million shows that the issuer's liquidity remains extremely weak. We continue to believe that a default by the Chinese developer looks inevitable, as reflected in the issuer credit rating (CC/Negative/--). That said, the payment demand will not likely constitute a default event yet. Evergrande seems to be disputing the payment request, possibly about whether the creditor can demand the payment right now, if it is an accelerated one. It also depends on whether Evergrande will be able to repay the full amount, if the company does have to repay as demanded. Evergrande said in an exchange
