David Zemans, Managing Partner of Milbank’s Asia Practice and Singapore office, was recently quoted by the South China Morning Post in an article on credit market distress in Asia.
In spite of concerns of an impending crisis in the Asian bond market due to a recent wave of defaults, Mr. Zemans noted that, “Default rates have been forecast to rise for a while, but to date there have not been the out-of-cycle defaults predicted” and that “it is not necessarily time for alarm yet.”
Click here to read the article on credit market distress in Asia.
