The Risk of Fallen Angels in Asia’s Bond Market Is Rising
Pedestrians and traffic travel near the construction site of Lodha The Park, a luxury residential project developed by Lodha Developers Ltd., in Mumbai (Photographer: Dhiraj Singh/Bloomberg)

The Risk of Fallen Angels in Asia’s Bond Market Is Rising

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(Bloomberg) -- Asia’s dollar bond markets have staged a blistering rally this year, but for a group of borrowers that sit on the cusp of a junk rating, there’s no relief in sight.
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