Research

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...