According to the report, by the end of 2023, the share of ratings with a stable outlook in the Asia-Pacific corporate portfolio had declined significantly, plummeting from 83 per cent at the end of 2022 to a mere 68 per cent.
Beijing [China], May 27 (ANI): China's debt clampdown has raised the risk of a wave of defaults among the country's heavily indebted local government financing vehicles (LGFVs) for the first time, causing concern in financial markets.