Asian Credit – Reasons for optimism in 2023
With the persistent inflation and geopolitical dynamics, as well as the slowdown in China, 2022 had been a challenging year for Asian credit. Despite these challenges, Asian investment grade was quite resilient compared with its global. By contrast, Asian high yield was one of the worst-performing markets. The good news though, is we are seeing some reasons for optimism for the Asian credit market in 2023.