In The News Today

Posted at 6:55 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

So they default, what are they left with?  Infrastructure already built!

China’s Property Troubles Have Pushed One Debt Indicator Above Levels Seen In The Financial Crisis

BEIJING — A measure of risk levels for debt in Asia has surpassed its 2009 financial crisis high, thanks to a surge in downgrades of Chinese property developers since late last year, ratings agency Moody’s said Wednesday.

Among the relatively risky category of Asian high-yield companies outside Japan that are covered by Moody’s, the share with the most speculative ratings of “B3 negative” or lower has nearly doubled from last year — to a record high of 30.5% as of May, the firm said.