A road map for understanding and analysing Asia's high-yield credits
Standard & Poor's explains how it analyses high yield credits and why this type of asset class can become distressed more quickly than investment grade credits.
By Raymond Woo , Director, Corporate Infrastructure Ratings, Standard PoorÆs
Jacphanie Cheung , Associate, Corporate Infrastructure Ratings, Standard PoorÆs
Institutional investors have beaten a path to the high-yield market in ever-larger numbers over the past few years, but they'll need to keep a close eye on credit risks. Standard Poor's default studies show that when things go wrong, this type of asset class can fall into a distressed situation much more quickly than investment-grade credits.
Standard Poor's applies similar analytical...
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