Fitch Ratings revised upward the assessment for China’s bank operating environment in May 2021, to ‘bbb-’/positive from ‘bb+’/stable. Grace Wu from Fitch’s Greater China Banks team discusses how an improved operating environment has a positive impact on banks’ standalone credit profiles.
Entities with excess emissions to be required to buy allowances in open market under scheme, whose operational phase began on Feb. 1, with power sector operators covered initially.
While international harmonisation is making the market attractive for investors, Xi Jinping’s pledge to go carbon neutral by 2060 could continue to drive the country’s green bond issuance.
Ratings agency Moody's reckons corporate bond defaults will increase into next year, while rival Fitch sees continued pressure on company ratings across the region.
The description of China’s convertible bond market as a bubble might be overblown, but investors should take care as they look at companies further down the ratings scale.
The government has committed millions to helping save both Qantas and Virgin Australia, although the CEO of the former has publicly stated the later doesn’t deserve it. How much Virgin ends up receiving could have a significant impact on its corporate bond holders.
The country's national treasurer explains the government's action plan to facilitate a sovereign rating upgrade to the coveted A status. Prioritising domestic debt fundraising over international and expanding its product mix to include sukuks and green bonds are part of the answer.
Respondents to FinanceAsia’s inaugural Asia Credit Market Outlook for 2020, in partnership with Fitch Ratings, are cautious about what the future brings.