MarketData
\
Credit Market
13 Dec 2021
Defaults by State Guaranteed bond issuers - Weekly Credit Market Analysis
Factors like poor earnings and state bifurcation have led to default on obligation. It can be seen from the example of Andhra Pradesh Power Finance Corporation Ltd & Transmission Corporation of Andhra Pradesh Ltd. After bifurcation of Andhra Pradesh into two states, there was dispute between Andhra Pradesh and Telangana regarding distribution of assets and liabilities. Consequently, it led to default on their obligations towards these companies.
Subhasis Mishra
Disclaimer:
Information herein is believed to be reliable but Arjun Parthasarathy Editor: INRBONDS.com does not warrant its completeness or accuracy. Opinions and estimates are subject to change without notice. This information is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The financial markets are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved. Unauthorized copying, distribution or sale of this publication is strictly prohibited. The author(s) of the content published in the site INRBONDS.com may or may not have investments in the assets discussed in the pages/posts.
Copyright © INRBONDS.com by Arjun Parthasarathy 2019-2024
AAA PSU Credit Spreads Fall even as G-sec Yields Rise
31 Aug 2020
Paresh Nemade