DISTRESS WATCH: Deepening China Crisis Offset by SBB, Altice

The global volume of distressed bonds and loans was almost flat at $503 billion during the week ended Jan. 17, according to Bloomberg News’ global distressed debt tracker.

But while EMEA saw its pile of troubled debt drop at the fastest pace in two months, with landlord SBB almost fully emerging out of distress, builders are facing mounting issues in China.

The distressed tally fell 3.3% to $110.6 billion in EMEA and 0.8% in the Americas to $174.2 billion, while it jumped 2.1% to $218.2 billion in APAC, the highest level in almost five months.