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Huarong Asset Management Cut to Baa2 by Moody’s

Huarong Asset Management Cut to Baa2 by Moody’s

China Huarong Asset Management Co. (Huarong AMC) has been downgraded to Baa2 from Baa1 by Moody’s following the company’s announcement last week that the net losses attributable to shareholders in 2020 are expected to be as high as RMB 102.903bn ($16bn). The rating...

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The Week That Was – (16th -22nd Aug)

The Week That Was – (16th -22nd Aug)

US primary market issuances fell sharply to $13.7bn vs. $46.6bn in the week prior. IG issuances fell to $9.4bn vs. $32.1bn in the prior week while HY issuances were lower at $3.7bn vs. $14.4bn in the prior week. The IG space was led by Athene Global Funding's $1.25bn...

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