Overview 3
Credit Strategy 19
Focus List 37
Sovereign Risk Analysis 45
Monthly focus: Asian sovereigns 46
People’s Republic of China 47
Republic of India 51
Republic of Indonesia 54
Republic of Korea 54
Federation of Malaysia 56
Socialist Republic of Vietnam 56
Company Report 57
BW Group 58
Company News & Analysis 65
Financial Institutions 66
Corporates 69
Asia Credits Coverage 106
Spread and Curve Charts 107
Appendix 113
HSBC Databank 114
Asian Yankee/Eurobond Secondary Trading Levels
as of 30/6/2009 132
Asian Rating Timeline 136
Disclosure appendix 142
Disclaimer 151