Credit Risk in Asia Poised for Biggest Monthly Spike Since 2023

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The cost to insure better-rated Asian debt against default is on course to increase in March by the most for any month since 2023, signaling growing concern about the economic impact of the Iran War on the region’s borrowers. The credit default swaps are on track to widen by 27 basis points for March after traders indicated a one-basis point increase on Tuesday, a Markit index shows. That would be the biggest monthly spike since August 2023, a time when China’s property crisis was deepening.