A default by Chongqing Energy, if confirmed, would not be a big surprise given the company’s weak credit profile and its rapidly declining importance to the government in recent years,…
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Joel Liauw, an analyst at CreditSights, said the company was one of Asia’s strong borrowers, thanks to its high profitability, steady cash-flow generation and large cash pile. “Although we do…
The amount of orders placed for such deals showed many offshore investors are eager to participate, said Luther Chai, a credit analyst at CreditSights in Singapore. Mr. Chai said some…
Pramod Shenoi, head of Asia Pacific financials research at CreditSights, discusses the outlook for Indian banks, the economy and policies. Indian lenders are making fresh loans at the slowest pace…
Jason Tan of CreditSights discusses factors such as non-performing loans and the possibility of lopsided consumption growth in China that could affect banks across the country.
“The strong sales in September and October, if coupled with a healthy cash collection rate, will help the company generate the cash required to alleviate its tight liquidity position and…
Pramod Shenoi from CreditSights says mergers among the regional banks in Japan are overdue due to cost pressure. He doesn’t expect bigger banks acquiring small players as they would likely…
For Evergrande bondholders, “this is the most important development we’ve seen so far,” said Luther Chai, an analyst at CreditSights in Singapore. He expects prices of the company’s bonds to…
On Monday, several analysts said the market had overreacted last week. “It is fear, not credit fundamentals, that is driving the depressed bond prices of Evergrande,” analysts from CreditSights said…
The Further Tier 1 bonds priced at a yield of 3.58%, which was just under what rival Bank of China issued debt at earlier this year, in accordance with Pramod…