Fitch ratings agency is warning about the overstretching of corporate balance sheets and rising defaults within China, noting that overall credit events are happening more frequently. Fitch has also stated that corporate bond defaults are likely to continue increasing through 2018 as credit conditions continue to tighten in China. Key quotes “Corporates that have over-stretched […] The post Fitch delivers a warning on Chinese bonds and refinancing risks appeared first on Forex Crunch.
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