Tag: fitch

Environmental concerns and sustainability dominate the conversation around ESG — however, as Nneka Chike-Obi, head of APAC ESG research at Sustainable Fitch points out, investors cannot afford to ignore social aspects such as the impact on community relations

Widespread capital controls, limited liquidity in government securities, and governance and geopolitical challenges are hurdles to internationalizing the yuan, ratings agency says.

CT spoke to a Fitch analyst to better understand a new tool that helps fixed income-investors understand how credit ratings could potentially be affected by ESG risk. Governance appears to be the main concern

Fitch Ratings will use a new system to study ESG factors when compiling credit ratings. Moody’s warns that debt worth $2.2 trillion across 11 sectors could be downgraded due to environmental risk.

More corporates are using an accounting loophole in reverse factoring arrangement to hide their true level of debt, the ratings agency warns.

Higher onshore funding costs – as well as tighter credit conditions – continue to put pressure on Chinese corporates to raise debt outside the country.

While they have reduced accounts receivable days, some Chinese companies must improve working capital management to hasten collection of cash payment from sales, Fitch Ratings says.

In an effort to reduce the costs of funding for firms to single-digit levels, Indonesia will use a new policy rate framework to guide the country’s interest rates. It is not clear whether banks will expand credit in response.

Reliance Communications is waving goodbye to assets as it faces the maturing of over $2 billion loans and a weak rupee.

Selling of risky target redemption forwards could hurt Taiwan’s private sector banks if the renminbi dips another 10%.

In this month’s Working Capital Chronicle, HSBC was mandated as LME’s renminbi concentration bank. Meanwhile Deutsche Bank and Citi also run innovative cash deals.

Analysts at Fitch Ratings say Asia-Pacific banks' vulnerability rises as China’s growth is slowing and economists at multiple institutions cut GDP estimates for the country.