Daily Brief Credit: Morning Views Asia: Guangzhou R&F Properties and more

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

• Guangzhou R&F Properties
• JSW Steel Ltd
• Yuexiu Property

• The EA 248A bond meeting on 9-August produced a consent from bondholders to extend the maturity as per the company’s request.
• EA’s CFO announced that the company has secured 3-year credit facilities from 9 financial institutions and Asset Plus Securities Fund Management.
• Barring any further negative news , we believe the maturity extension and the long-term bank credit facilities could lead TRIS to at least reverse EA’s credit rating outlook.

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

• Bharti Airtel
• China Vanke
• China International Marine Containers A
• Vedanta Resources