Moody's has acquired an almost 20% stake in Malaysian Rating Corp., a Kuala Lumpur-based agency covering local bonds and sukuk.
Two large Chinese borrowers missed payment deadlines, underscoring the risks in a credit market that's witnessing record company failures.
U.S. corporate DB plans increased their exposures to LDI strategies following large contributions, a strong equity market and rising rates.
Municipal-bond mutual funds are again buying Puerto Rico's debt as a restructuring of $17 billion in debt moves toward a potential court OK.
High-yield fixed income dominated Morningstar's list for a second consecutive quarter.