Property developer china evergrand group plans to suspend interest payments due to loans to two banks on september 20. Shares briefly fell below their two thousand nine initial public offering price after a second credit rating down grade in as many days. Most recent credit rating down grades came from fitch ratings, one of the big three credit rating agencies,. s and p global ratings, and moodies have also made similar downgrades. Fitch's current rating for evergrade is c c, default imminent.