Asian Fixed Income/Frontier Market Research

Bondcritic

Bondcritic, established in 2009, is designed to be an independent credit research voice that helps investors gain insights and unbiased analyses on Asian fixed income market. Our mission is to discover deep-value Asian high-yield and distressed bonds with a bottom-up approach, together with the help of our proprietary ESG (Environmental, Social Development, and Governance) model. At the same time, we focus on bringing investment cases of unrated and unloved issuers to the general public.

Energy Absolute: Absolutely Negative Energy

ASEAN EV Ecosystem Series: Committed Towards Building a Regional EV Ecosystem

Bond Market Monitor: Time to Invest in EM Bonds

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Independent Asian Credit Research, Bondcritic

Warut Promboon

Independent Asian Credit Research

Credit

<ul>
<li>This flash note is an update for our readers on the indicative probability of default for Energy Absolute Public Company Limited (EA).</li>
<li>We plotted EA’s probability of default, using Criat’s iRAP Global Plus PD Toolkit (iRap), against its peers, and we believe the chart indicated a high probability of default still.</li>
<li>Given a lack of reliable bond quotes in the THB bond market, we continue to issue our report on EA without a recommendation.</li>
</ul>


This flash note is an update for our readers on the indicative probability of default for Energy Absolute Public Company Limited (EA).
We plotted EA’s probability of default, using Criat’s iRAP Global Plus PD Toolkit (iRap), against its peers, and we believe the chart indicated a high probability of default still.
Given a lack of reliable bond quotes in the THB bond market, we continue to issue our report on EA without a recommendation.


Global Power Synergy Company Ltd (GPSC TB)

Energy Absolute: Trying to Be a B+ Credit