Europe’s junk borrowers flock to Nordic bond market
Issuance surges in jurisdictions known for lighter-touch documentation amid strong demand for high-yield debt
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China asks S&P’s mainland ratings group to ‘rectify’ operations
The industry has come under scrutiny for its low fees and high ratings
Why the EU failed to make headway on its €140bn loan to Ukraine
Also in this newsletter: EU countries want better legal standards for foreign workers
Big private equity groups risk harming sector’s standing, warns Neuberger Berman
Industry must avoid ‘lowering the bar’ on deals as it chases management fees
UK pension funds should invest more in science, says minister
Lord Vallance’s comments come as chancellor pushes UK pension funds to increase allocations to private markets