The Week That Was (10th – 17th Jan)
US primary markets issuances totaled $27.4bn vs. $29bn in the prior week. IG issuances were at $17.1bn last week vs. $22.8bn in the week prior to that and HY issuances were at $5.3bn vs. $4.1bn in the week prior. The IG space was led Toyota’s $3bn five-trancher...
R&F Properties Downgraded to RD by Fitch on Completion of Exchange Offer
Guangzhou R&F Properties has been downgraded to RD (Restrictive Default) from C by Fitch on completion of its exchange offer. The rating agency also downgraded its subsidiary R&F Properties (HK) Company Limited to RD, stating that this rating action is in...
Banks to Reduce Chinese Real Estate LGFV Lending
Several of China’s biggest banks have been considering tighter lending standards to real estate projects by local government financing vehicles (LGFV) as per a Bloomberg report on Friday. This comes concerns have emerged about some LGFVs taking on too much risk....
