Growing worries about defaults at Chinese property developers sapped investor sentiment on Tuesday, amid fresh credit rating downgrades and uncertainty about the fate of China Evergrande Group as it scrambles to raise cash by selling assets. Evergrande (3333.HK) is facing one of the country’s largest-ever debt restructurings as it wrestles with more than $300 billion of debt. The company last month missed making coupon payments on two dollar bond tranches. The possible collapse of one of China’s biggest borrowers has triggered worries about contagion risks to the property sector in the world’s second-largest economy, as its debt-laden peers are hit with rating downgrades on looming defaults. Evergrande requested a halt in the trading of its shares on Monday pending an […]