Standard & Poor’s (S&P) said that it expects US$3.6 trillion of European financial and non-financial corporate debt rated by S&P’s Ratings Services to mature from 2015 through 2019.
The credit ratings agency (CRA) added that of this US$3.6 trillion total, US$803bn is scheduled to mature in 2015, and, given normal data reporting lags, the credit market may already have accommodated a portion of this amount.
In the succeeding years, the annual scheduled maturities are US$783bn in 2016, US$753bn in 2017, US$616bn in 2018, and US$677bn in 2019.
In a separate estimate S&P expects US$578bn of rated financial and non-financial corporate debt to mature in the emerging markets (EMs) between 2015 and 2019.
Emerging Asia accounts for the largest share, with US$257bn of maturing debt, or 44% of the total, while the Latin America region has US$189bn (33%); and Eastern Europe, Middle East, and Africa (EEMEA) has US$133bn (23%).
With the end of 2017 fast approaching, many finance professionals might be counting down the days with some degree of dread. Year End is just around the corner and with it comes the many long hours accountants will spend going over balance sheets and profit and loss accounts, investigating account irregularities and chasing sign offs.
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.
Kicking off day two of the Singapore Fintech Festival, Deloitte Chairman David Cruikshank said that fintech is significant for three reasons. First, customer expectations of services are higher than ever. Second, barriers to entry are lower than before. And finally, financial institutions (FIs) face a threat of what a competitor might do.