Agile Cut Further as DaFa Flags Non-Payment: Evergrande Update

Agile Group was downgraded further into junk territory by S&P Global Ratings and Moody’s Corp. as it faces sizable near-term debt maturities with limited refinancing options.

DaFa Properties, another developer, said it hadn’t paid out on its remaining dollar bonds maturing Tuesday, a potential event of default, though most of the notes were tendered for a debt exchange that completed earlier.