Moody’s Investors Service is out with a fresh report, assessing the impact of the China coronavirus on the Asia-pac (APAC) corporates and the global economy.
Key Quotes:
Default risk rises for high-yield APAC corporates on slowing growth, trade policy uncertainty.
Asian high-yield non-financial corporate default rate will increase in 2020.
Expect global economic growth to remain sluggish in 2020 with pessimistic business sentiment and trade policy uncertainty.
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