CreditSights News & Blog

AT1 holders wiped out in UBS deal are angry as backstop ends Bloomberg Law

AT1 holders wiped out in UBS deal are angry as backstop ends

Credit Suisse additional tier 1 bondholders are furious after UBS Group AG said it won't…

Siobhan HodsonArticle published date: August 11, 2023

Country Garden crisis brings new pain to China’s property sector Financial Times

Country Garden crisis brings new pain to China’s property sector

Turmoil at Cina's largest private developer comes as Beijing struggles to revive the economy.

Siobhan HodsonArticle published date: August 11, 2023

CreditSights’ Zeng on Alibaba Earnings Outlook Bloomberg

CreditSights’ Zeng on Alibaba Earnings Outlook

Zerlina Zeng, senior credit analyst for CreditSights, discusses why Alibaba is one of her top…

Siobhan HodsonArticle published date: August 10, 2023

World’s onetime youngest female billionaire sees wealth plunge 82% as default risks grow Forbes

World’s onetime youngest female billionaire sees wealth plunge 82% as default risks grow

"Country Garden's ability to pay remains very uncertain at this point," says Nicholas Chen, a…

Siobhan HodsonArticle published date: August 10, 2023

Another Chinese developer teeters, raising worries about the economy New York Times

Another Chinese developer teeters, raising worries about the economy

Remember China Evergrande, that Chinese real estate behemoth whose mountain of debt sent global markets…

Siobhan HodsonArticle published date: August 9, 2023

Muni-bond auctions are disappearing as volatility rattles market Bloomberg Law

Muni-bond auctions are disappearing as volatility rattles market

"The increased volatility in the marketplace and the increase in the yield environment means there's…

Siobhan HodsonArticle published date: August 9, 2023

Country Garden, China’s largest surviving developer, sinks into debt crisis Wall Street Journal

Country Garden, China’s largest surviving developer, sinks into debt crisis

Country Garden Holdings, a 31-year-old property developer that had been lauded by China's authorities as…

Siobhan HodsonArticle published date: August 8, 2023

The curious case of SBB’s earnings double take Financial Times

The curious case of SBB’s earnings double take

Samhällsbyggnadsbolaget i Norden, the Swedish property company commanly referred to as SBB, has published second-quarter…

Siobhan HodsonArticle published date: August 8, 2023

Country Garden misses bond payments as China property fears flare Reuters

Country Garden misses bond payments as China property fears flare

"The fact that (Country Garden) is struggling to address an interest payment, rather than a…

Siobhan HodsonArticle published date: August 8, 2023

CreditSights sees PLDT on track to meet full-year guidance BusinessWorld

CreditSights sees PLDT on track to meet full-year guidance

PLDT Inc.'s earnings growth for this year is expected to be modest, likely in the…

Siobhan HodsonArticle published date: August 8, 2023

Bankers craft workaround to refinance billions for riskiest borrowers Bloomberg

Bankers craft workaround to refinance billions for riskiest borrowers

"CLO managers investing in leveraged loans are generally happy to do Snooze Drag because they…

Siobhan HodsonArticle published date: August 8, 2023

Fitch downgrades of munis tied to U.S. rating to have little impact on market Bond Buyer

Fitch downgrades of munis tied to U.S. rating to have little impact on market

Following Fitch Ratings' downgrade of the U.S. sovereign rating to AA-plus from AAA, the rating…

Siobhan HodsonArticle published date: August 4, 2023

Basel III: Endgame Financial Times

Basel III: Endgame

Wall Streeters and other analysts/lobbyists are piecing together the consequences of a thousand-plus-page proposal that…

Siobhan HodsonArticle published date: July 31, 2023

Offshore wind industry is caught in a financial hurricane Bloomberg

Offshore wind industry is caught in a financial hurricane

The U.S. offshore wind industry is, in a sense, an admission of failure.

Siobhan HodsonArticle published date: August 1, 2023

China property developer Country Garden expects to post loss due higher impairment provisions South China Morning Post

China property developer Country Garden expects to post loss due higher impairment provisions

China's biggest property developer Country Garden Holdings urged "guidance and support from the government" as…

Siobhan HodsonArticle published date: July 31, 2023

CreditSights on Asia credit market Bloomberg

CreditSights on Asia credit market

Sandra Show, Co-Head of Asia-Pacific Research at CreditSights, says the fundamentals of Asia credit remain…

Siobhan HodsonArticle published date: July 28, 2023

China’s housing troubles derail a developer’s comeback Wall Street Journal

China’s housing troubles derail a developer’s comeback

Growing pessimism about China's housing market is dragging down the country's largest surviving developer, which…

Siobhan HodsonArticle published date: July 28, 2023

Muni ETF boom stalls after record gains as investors seek yield Bloomberg

Muni ETF boom stalls after record gains as investors seek yield

Municipal exchanged-traded funds, still a relatively new and small part of the $4 trillion state…

Siobhan HodsonArticle published date: July 27, 2023

Country Garden latest Chinese property developer to be dumped by investors as US$2.1 billion debt repayments loom South China Morning Post

Country Garden latest Chinese property developer to be dumped by investors as US$2.1 billion debt repayments loom

Country Garden Holdings became the latest Chinese property developer to face investors' ire, as doubts…

Siobhan HodsonArticle published date: July 21, 2023

Travelers, Allstate shares trade up, even with large Q2 2023 catastrophe losses S&P Global

Travelers, Allstate shares trade up, even with large Q2 2023 catastrophe losses

The Travelers Cos. Inc. and The Allstate Corp. shares finished the week ending July 21…

Siobhan HodsonArticle published date: July 21, 2023