China’s worsening borrowing conditions could prompt a rise in bond supply and corporate defaults, threatening the credit profiles of local companies, says Morgan Stanley.
The five-year outlook for Asia remains positive provided the region heeds the lessons learned in the US and moves towards opening up onshore markets to offshore investors, say panellists.
Viktor Hjort, Asia head of credit research and strategy at Morgan Stanley, gives FinanceAsia a rundown of some of the key themes that will drive Asia's credit markets this year.