KUALA LUMPUR (June 27): Eighteen companies rated by S&P Global Ratings, including eight confidential issuers, defaulted in Asia in 2022, triple the number of defaults from 2021. In its "2022 Annual Asia Corporate Default And Rating Transition Study," published on Tuesday (June 207), S&P Global Ratings economist Vince Conti said 2022 was a year of increased uncertainty, both globally and in Asia. "On one hand, post-pandemic recoveries were driving domestic recoveries in the region, with matching export strength from advanced economies' growth as well.

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