COVID-19 has been wreaking havoc across the globe since its outbreak, shattering supply chains, increasing corporate debt levels and changing the way we live and work. With the roll-out of vaccines and restoration of consumer confidence, Western countries are slowly entering the “new normal”. Since major Asian economies led the way in the recovery process, they offer a useful t...
READRecently, there have been many articles [1] published using market data to evaluate the impact of COVID-19 on corporate credit risk across different countries and industries. However, as countries are emerging from lockdown, stock markets around the globe are soaring back to pre-pandemic levels, betting on a quick economic recovery. Under such circumstances, solely relying on m...
READIntroduction China’s bond market witnessed a rising trend of defaults in 2019. Up to 121.7 billion RMB of payments had not been fulfilled on time, which hit a new record. [1] Among all these companies with defaulted bonds, we have chosen a private company with public debt and publicly traded subsidiaries as an example to illustrate how to leverage the S&P Global Market Intellig...
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