Hong Kong
CHINA'S junk bonds suffered nine times more downgrades than upgrades this year, and another issuer faced a final deadline on Friday after the first default by a developer.
A combined 35 rating cuts on the US dollar-denominated notes by Standard & Poor's and Moody's Investors Service exceeded four upgrades, data compiled by Bloomberg show.
Coal importer Winsway Enterprises Holdings Ltd needs to pay a US$13.15 million coupon on its 2016 bonds as a grace period ends. S&P cut its grade on Winsway, water treatment provider Sound Global Ltd and Evergrande Real Estate Group Ltd in the past month.
The central bank's two interest rate cuts since November and easier home financing failed to prevent...
Keyword added to your list