Bloomberg Quotes Naomi Moore on China Restructuring Opportunities
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Akin Gump Hong Kong restructuring partner Naomi Moore has been quoted by Bloomberg for the article “China's Debt-Laden Dealmakers Eyed by Restructuring Firms,” on the growing need among Chinese companies for debt restructuring.
The article notes accumulated debt, increased borrowing costs and regulatory scrutiny, and tighter credit as factors contributing to this situation.
Moore, whose practice includes distressed situations and restructurings in China, said that the country’s scale and regional importance will hold distressed investors’ attention this year, noting, “If we see a major correction in the Chinese real estate market, that would undoubtedly result in distressed opportunities, given the concentration of Asian high-yield bond issuances in that sector in recent years.”