AVIC Launches $ Bond; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers
US equity markets saw a massive sell-off on Wednesday with the S&P down 4% and Nasdaq down 4.7%. Sectoral losses were led by Consumer Staples and Consumer Discretionary, down over 6% each. US 10Y Treasury yields fell 6bp to 2.91% on the overall risk-off sentiment...
Sri Lanka To Default on Dollar Bonds. Track Sri Lanka Bonds & News
Sri Lanka has announced suspension of payments on its $51bn external debt calling it a “last resort” emergency measure, pending restructuring. Market participants consider the move as tantamount to default. Its creditors, including foreign governments, are...
Emirates NBD Upgraded to A2 by Moody’s
Emirates NBD (ENBD) was upgraded to A2 from A3 by Moody’s, driven by the upgrade to ENBD’s Baseline Credit Assessment (BCA) and Adjusted BCA. This comes on the back of a “significant decline in related party exposures” to AED 140bn ($38.1bn) as...
