More defaults await China's developers after policy crackdown, says S&P

S&P Global Ratings expects more defaults among China's property developers as the recent policy crackdown on the country's residential market adds more strain to their finances, making it more difficult to free up cash and settle outstanding debts. Over the next 12 months, S&P-rated Chinese developers will face $18 billion of maturing debt. While the figure is lower than the ro...

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Mar 2022

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Asian banks' bond sales fall to lowest in a year in February

Debt issuances by banks in Asia-Pacific fell to the lowest in at least a year in February, as lenders from the region's major economies, notably China, stayed on the sidelines amid uncertainties around interest-rate trends and the country's troubled property market. Banks from the world's second-largest economy were less active selling debt in the first two months of the year, ...

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Feb 2022

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Asian banks' debt issuance slides in January as Chinese lenders stay away

Asia-Pacific banks' new debt issuance fell sharply in January, as lenders from China stayed on the sidelines amid growing liquidity and funding problems with the real estate sector. Banks in the region raised a total of $3.57 billion in bonds in January, down from $14.36 billion in December 2021 and $23.15 billion in January last year, according to data compiled by S&P Global M...

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