Bangladesh - Political Stability Improves Credit Outlook
We initiate our coverage on Bangladesh with a STABLE credit outlook for the country. Prime Minister Sheikh Hasina has been re-elected in...
Asian Frontier Monitor: One Belt New Road - Here Comes America
In our third report in the Belt and Road Initiative (BRI) or One Belt One Road (OBOR) series, we examine a brand-new US strategic...
Asian Credit Monitor: 2019 Portfolio Strategy, US Rate Trajectory, China Reform Pause
If we had to make a base observation for Asia credit markets over 2018, it was certainly caught “wrong-footed” like most of its other...
India: New Governor, New Hope
Shaktikanta Das has been appointed as the new governor of India’s central bank. The new appointment comes as a major boost to the economy...
Tata Steel: Improved Results, Debt Worries Remain
Tata Steel Ltd (TATA IN)’s latest quarterly results beat our expectations. The company’s revenue for Q2FY19 (which ended in September)...
Asian Frontier Monitor: Financing Infrastructure and the Success of the Belt-And-Road-Initiative
China’s Belt-and-Road-Initiative (“BRI”) (一带一路) is arguably the 21st century’s most ambitious infrastructure project involving over 65...
Sri Lanka: Hope Amidst Turbulence
We initiate our coverage on Sri Lanka’s sovereign bonds (SRILAN complex) with an OVERWEIGHT recommendation. The SRILAN complex comprises...
China Economics: The Consumption Story
We examine the factors that contribute to consumption trend in China. This quantitative study finds that disposable income plays a...
Vedanta Resources PLC: Delisted Yet Uplifted
Vedanta Resources (VED LN) (Vedanta) was delisted from the London Stock Exchange (LSE) on 01-October-2018. This came on the back of...
HNA Group: The Redemption Treat
Hna Group (HNAGRZ CH) announced on 6-November that it has repaid USD300m of principal in SANYPH 11/18s which matured on the same date....
HNA Group: TRICK or TREAT
HNA Group Ltd. (HNAGRZ CH) (HNA)’s SANYPH 11/18s will mature on November 6 (next Tuesday) and we believe there is a likelihood that HNA...
Asian Frontier Monitor: South Asia and OBOR - The Road Less Travelled
Bondcritic is embarking on a series of a thematic research pieces on China’s Belt and Road Initiative or One-Belt-One-Road (OBOR) to...
Bharti Airtel: Saved by Africa
Bharti Airtel (BHARTI IN) (“Bharti”)’s management announced on 24-October that it would sell a minority stake in Airtel Africa Ltd. (AA),...
Agile Group: Growing Its Non-Property Business
We initiate our coverage on Agile Property Holdings (3383 HK) (“Agile”) with an overall NEUTRAL recommendation on the AGILE complex...
Reliance Communications Ltd. :Too Few Steps Forward
Reliance Communications (RCOM IN) has been granted a relief by the Telecom Disputes Settlement & Appellate Tribunal (TDSAT) on...