Photographer: Sanjit Das/Bloomberg

1MDB Bonds Upgraded by JPMorgan Focused on Abu Dhabi's Guarantee

  • Difficult for IPIC to walk away from guarantee, JPMorgan says
  • 1MDB spreads `too wide' relative to those on Abu Dhabi's IPIC

JPMorgan Chase & Co. says drops in bond prices at 1Malaysia Development Bhd. amid a dispute with Abu Dhabi’s sovereign wealth fund have created a buying opportunity.

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