Since CreditSights upgraded Country Garden's dollar-denominated bonds, its debt has rallied more than 9 per cent. Photo: SCMP Since CreditSights upgraded Country Garden's dollar-denominated bonds, its debt has rallied more than 9 per cent. Photo: SCMP
Since CreditSights upgraded Country Garden's dollar-denominated bonds, its debt has rallied more than 9 per cent. Photo: SCMP

Bottom-up research pays off when it comes to assessing distressed debt

China-fuelled bond market boom has increased the number of risky borrowers, putting a premium on local knowledge when rating debt

Since CreditSights upgraded Country Garden's dollar-denominated bonds, its debt has rallied more than 9 per cent. Photo: SCMP Since CreditSights upgraded Country Garden's dollar-denominated bonds, its debt has rallied more than 9 per cent. Photo: SCMP
Since CreditSights upgraded Country Garden's dollar-denominated bonds, its debt has rallied more than 9 per cent. Photo: SCMP
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