Negative rating trend in Asia will continue: Moody’s
Moody’s has taken an increasingly negative view of corporations in Asia Pacific since the third quarter of last year, and thinks that things will get worst for the region’s companies over the next six months.
The agency said it took 26 negative rating actions — including downgrades, negative outlooks and ratings put on review for downgrade — in the region during the first quarter, an increase from 16 it took over the previous three months.
Chinese property developers had the biggest knock on
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