likelihood of a default. Ratings in the CC bracket are seen as at imminent risk of default. Fitch cut

Both are still trading at deeply distressed levels – at around half their par value.... Some of those companies – including MMC Norilsk Nickel PJSC and Gazprom PJSC – have successfully made coupon payments in recent days. But in other cases, coupon payments may not have gone through.... — BloombergAs a correspondent bank, New York-based JPMorgan processes and clears payments and other transactions for financial institutions....

ARE there common elements in the three seemingly disparate situations mentioned in the title of this piece?... No country fits this Robinson Crusoe picture of the economy today.... Even North Korea, the most isolated country, has extensive trade relations with a few countries, including Russia, China, and India....

KUALA LUMPUR: Tolled-road concessionaire MEX II Sdn Bhd’s sukuk and junior bonds remain at risk of

Defaults on properties such as offices and apartment buildings may increase as property values fall

Defaults on properties such as offices and apartment buildings may increase as property values fall

Subscribe to our channel for the latest updates on Russia’s war in Ukraine.... “ But it’s quite unlikely that there will be a massive spillover.” Advertisement Starting in 2020, Chinese authorities imposed restrictions known as the “ three red lines ” to limit the amount of debt developers could take on.... As the housing slowdown continued, authorities have resisted bailing out companies or propping up the market with stimulus measures as they have during past downturns. Instead, officials ha

Subscribe to our channel for the latest updates on Russia’s war in Ukraine.... “ But it’s quite unlikely that there will be a massive spillover.” Advertisement Starting in 2020, Chinese authorities imposed restrictions known as the “ three red lines ” to limit the amount of debt developers could take on.... As the housing slowdown continued, authorities have resisted bailing out companies or propping up the market with stimulus measures as they have during past downturns. Instead, officials ha

HONG KONG: Shares of Evergrande on Monday plunged as much as 19% to their lowest in over 11 years, extending losses as investors take a dim view of its business prospects with a fast approaching deadline for payment obligations this week.By noon, the stock had touched HK$ 2.06, the weakest level since May 2010. The company's property management unit dropped over 12%, while its electrics car unit declined 8%.... It has another$ 47.5 million interest payment due on Sept 29 for the March 2024 note

The news follows a surprise default by developer Fantasia Holdings Group Co earlier this month