2014 was a turning point for China’s public bonds market, with the year marking the first recorded corporate default. Since then, defaults have steadily become more frequent. By the end of 2019, accumulated bond defaults reached around 330 billion RMB, involving 152 different companies. Against this backdrop, investors have grown increasingly vigilant towards the risk of defaul...
READIndonesian President Joko Widodo’s "winter is coming" quote aptly characterizes the trend in Asia-Pacific credit conditions going into 2019. At the International Monetary Fund's meeting in Bali, October 2018, President Widodo highlighted that the continuing U.S.-China trade dispute and technology disruption on many industries are among the many issues plaguing the world. Likewi...
READAccording to the Industry Top Trends 2018: Metals and Mining report by S&P Global Ratings , "The outlook for upstream producers has generally improved, with a modestly positive rating bias for 2018. We expect the focus on financial prudence - particularly among the largest globally diversified miners - to persist into 2018 amid what our base case assumes to be a (continuing) ge...
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