Asian borrowers hit with downgrades as Covid-19 heightens refi pressure

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By Morgan Davis
26 Mar 2020

International rating agencies have announced a slew of ratings downgrades or outlook changes for Asian companies as the Covid-19 outbreak puts pressure on their refinancing abilities. But DCM bankers and investors are expecting some good to come from these rapid changes. Morgan Davis reports.

Global markets have been on a roller-coaster ride recently as the coronavirus has hit nearly every country in the world. Covid-19’s spread feels contained in China, where it ran rampant just weeks ago, but it is now taking a toll on the West.

That has effectively cut Asian companies off from the ...

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