“The prices of the (performing) developers’ upcoming dollar bonds are trading close to par, suggesting that investors remain sanguine about their near-term liquidity,” said CreditSights, a credit researcher under Fitch….
India’s ports-to-energy conglomerate Adani Group continues to seek strategic equity partners aligned with its long-term investment strategy, debt research firm CreditSights said in a report, flagging concern over the group’s…
Companies are trying to get ahead of what they expect to be a tough road ahead in terms of borrowing costs. Already, the year-to-date 2022 new issue coupon levels for…
Fitch Group unit CreditSights said in a report dated Sept. 7 that it had discovered calculation errors in its recent debt report on two power and transmission companies controlled by…
CreditSights data found the U.S. high-yield distress ratio, a measure of risk in the bond market, declined to 10.6% in July, from 15.2 in June, suggesting default rates are moderating.
Now land sales are forecast to fall another 20% this year after a bruising 2021, according to S&P Global Ratings. Yet despite Beijing’s recent tolerance of defaults by state-owned enterprises,…
“With iron ore inventory in China at a record high and as steel production keeps declining, we think the downward pressure on iron ore prices will persist,” CreditSights said in a…
Evergrande has $300 billion of debt. Some $19.2 billion of that is dollar-denominated offshore bonds, according to CreditSights.
Neill Keaney, analyst at CreditSights, said bondholders’ concern was twofold. “(It’s) the combination of the leverage that’s implied by the revised bid from Fortress… and… effectively unlimited debt that can…