HONG KONG (Reuters) – Fitch Rankings mentioned on Thursday it has determined to withdraw its score on embattled property developer China Evergrande Group and two of its subsidiaries because the companies have stopped collaborating within the course of.

The score company in December downgraded Evergrande and its subsidiaries, Hengda Actual Property Group Co Ltd and Tianji Holding Ltd, to so-called “restricted default” standing, saying the companies had defaulted on their offshore bond obligations.

In its assertion on Thursday, Fitch mentioned that it might not have ample data to keep up the scores on Evergrande, the world’s most indebted developer with greater than $300 billion in debt, and two of its subsidiaries.

“Accordingly, Fitch will not present scores or analytical protection for Evergrande and its subsidiaries,” it mentioned.

Evergrande, which has struggled to repay suppliers and full housing tasks, has grow to be the poster baby of China’s property sector disaster because it lurched from one missed offshore debt fee deadline to a different.

The agency is contemplating repaying offshore public bondholders owed round $19 billion with money instalments and fairness in two of its Hong Kong-listed models, Reuters reported final month, because the developer struggles to get again on higher footing.

Its $22.7 billion price of offshore debt together with loans and personal bonds is deemed to be in default after lacking fee obligations late final yr. It mentioned in March that it’s going to unveil a preliminary debt restructuring proposal by the tip of July.

Late final yr score businesses together with S&P downgraded Evergrande to “selective default” after missed offshore debt fee.