Morgan Stanley downgrades Asia high yield

Slower growth, tighter credit conditions and highly leveraged balance sheets mean the months ahead will be tough for some corporates and Morgan Stanley recommends moving up in quality.

  • 06 Sep 2013

Corporate Asia has the world’s most leveraged balance sheets which is likely to pose a challenge in the coming few months as funding costs rise due to higher real rates, re-regulation of the Chinese banking system and tighter liquidity across the region, according to Morgan Stanley.

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