Evergrande Is Likely to Default Without Direct Support, S&P Says – Bloomberg

Evergrande Is Likely to Default Without Direct Support, S&P Says  Bloomberg Wall Street tumbles following Evergrande situation: ‘One more brick in this wall of worry’  Fortune Stocks Are Falling as Investors Worry About Evergrande and the Chinese Real Estate Bubble  Waco Tribune-Usher in What Does Evergrande Meltdown Mean for China?  Carnegie Endowment for Global Peace What China developer Evergrande’s debt crunch means for U.S. investors: Ed Yardeni  CNBC View Full…

Analysis: China’s property crackdown stalks credit markets

An excavator is noticed at a building web site of recent residential structures in Shanghai, China, on this March 21, 2016 record photograph. REUTERS/Aly Tune Dangerous loans and developer defaults leap China junk debt marketplace sinking as U.S./Europe rally Government need to wean economic system from actual property – strategist SHANGHAI/SINGAPORE, Aug 26 (Reuters) – China’s push to wean estate builders from over the top borrowing is spilling over into…

Multi-strategy manager Corbin Capital capitalises on shifting credit markets

Established in 1984, multi-strategy selection funding supervisor and opportunistic credit score investor Corbin Capital Companions nowadays manages greater than USD9 billion in property throughout a vast vary of commingled and bespoke portfolios. Corbin invests throughout each company and structured credit score, the latter spanning fairness and mezzanine tranches of collateralised mortgage tasks, and home and business mortgage-backed securities, amongst others.  “We spouse and deploy capital in a large number of…

Firms Hoard Cash as Credit Markets Watch ECB’s Next Move

(Bloomberg) — Europe Inc. hasn’t ever had extra money within the bank, boosting investor self belief that company debt markets can climate wet days brought about by way of the unfold of Covid-19 variants or the scaling again of central bank stimulus. Deposits of non-financial firms within the euro house ended July at a document excessive of three.2 trillion euros ($3.8 trillion), in accordance with information from the Ecu Central…