The imported risk: How geopolitics moved from ASEAN’s macro problem to ASEAN’s balance sheet

Last quarter I reviewed the credit file for a mid-sized Indonesian manufacturer applying for a working capital facility. The numbers were healthy. The covenants were standard. The collateral was sufficient. What stopped me was the customer concentration disclosure: more than 60 per cent of the manufacturer’s annual revenue came from a single buyer in a […] The post The imported risk: How geopolitics moved from ASEAN’s macro problem to ASEAN’s balance sheet appeared first on e27.