$1.1 trn corporate debt to mature through 2022

Of the Asia-Pacific corporate debt, US$110 billion is scheduled to mature in the second half of 2017, increasing to US$205 billion in 2018 and US$242 billion in 2019 before decreasing to US$227 billion in 2020. 
In addition, refinancing risk remains low as just 11 per cent of the total Asia-Pacific rated debt maturing through 2022 is speculative grade (rated 'BB+' and lower), while the vast majority is investment grade (rated 'BBB-'and higher), which is better placed to withstand market volatility and stress. 
For this study, we estimate the amount of corporate debt scheduled to mature through 2022 that S&P Global Ratings rates (with global-scale ratings) from Asia-Pacific issuers.
"Of the US$1.1 trillion of Asia-Pacific rated financial and nonfinancial corporate debt set to mature between the second half of 2017 and 2022, and the majority is from issuers in Australia, Japan, and China," said Diane Vazza, head of S&P Global Fixed Income Research. "Financial services companies account for 55 per cent of this Asia-Pacific debt, compared with 45 per cent for nonfinancial companies." 
The greatest sources of refinancing risk as we approach 2019 for these issuers include endogenous variables such as high and rising corporate debt in China, a rising interest rate trend, and a credit-growth path for China, and exogenous variables such as changes to trade or tax policy coming from the Trump Administration and the geopolitical situation regarding North Korea.