Asia Credit Analytics

Research evidence excerpt

Asia Credit Analytics

Contents

Asia Credit Performance and Valuation

Global Credit Indices performance 3 Chinese BB-rated Corporates (ex.Property) 40

JACI Yields, SOT and z-spread 4 Indian BB-rated Corporates 41

Top / bottom bond performers 7 Indonesian Sovereigns 42

Asia credit spreads by segment 11 Indonesian Quasi-sovereigns 43

Asia credit spreads by ratings 12 Indonesian IG Corporates 44

Asia credit spreads vs other EM regions 14 Indonesian HY Corporates 45

Asia credit spreads vs US corps 15

Asia IG Quasi-sovereign and Corporates Credit Spreads 15

Asia Financials and and IG Corporates Credit Spreads 16

China credit spreads 17

Indonesia credit spreads 18

JACI IG Indices vs Currencies 20

Relative Valuation Charts New-issuance Data

Asia Financials - Subordinated bonds 21 Asia USD bonds performance since issuance 46

Chinese Banks - Senior & Subordinated bullet maturies 22 Asia USD bond issuances: Breakdown by sector and ratings 47

Chinese Non-Bank Financials - Senior & Subordinated bullet maturies 23 Asia USD bond financing 48

Korean Financials - Senior & Subordinated bullet maturies 24 ESG Bond Monitor 50

Indian Financials - Senior & Subordinated bullet maturies 25 Asia USD credit funds fund flows 51

Asian IG Oil & Gas 26 Asia USD bond issuances: Allocation of new issues by region

Asian IG Gaming 27 and investor type 52

Asian HY Gaming 28 New issuances 54

Asian HY Utilities 29 Upcoming Asia HY Corps' USD bonds maturing in 2026 55

Chinese IG TMT 30

Hong Kong IG Corporates 31 Rating Actions

Korean AA-rated Corporates and Quasi-sovereigns 32 Asia Credit Ratings 57

Hong Kong AA-rated Corporates and Quasi-sovereigns 33 Recent Ratings actions 58

Singaporeans AA & AAA-rated Corporates and Quasi-sovereigns 34