Pressure keeps rising for Apac companies as coronavirus impact becomes clearer
KUALA LUMPUR: Moody’s Investors Service said about 22 per cent of 476 rated non-financial companies in Asia Pacific (Apac) have high exposure to coronavirus disruptions, up from 20 per cent in March, as the effects of the pandemic on companies’ credit quality have become more apparent. “Airlines, automakers and auto part suppliers, casinos, discretionary retail, and hospitality companies […]
