Daily Digest 1/31 – 2/3 UK Pension Schemes In The Red, Cape Town Water Crisis Credit-Negative

Daily Digest 1/31 - 2/3 UK Pension Schemes In The Red, Cape Town Water Crisis Credit-Negative
  • Two out of three UK pension schemes are in the red to the tune of £210bn
  • S&P Global Ratings says China to see first bond default by a local government financing vehicle in 2018
  • California’s other drought: A major earthquake is overdue
  • Saudi Arabia has arranged to seize more than $100 billion in financial settlements related to its corruption purge
  • Treasury expects to borrow $441 billion in first quarter
  • Chinese provinces with GDP of six Australias cut 2018 growth targets
  • U.S. budget deficit to top $1-trillion in 2019: budget experts
  • Cape Town water crisis is credit-negative: Moody’s
  • System Failure
  • China unveils its Arctic ambitions, declaring it’s a “near Arctic state”

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