Moody's Investors Service expects credit quality of corporates to worsen while the buffers of bank and sovereigns will be tested as China's policy trilemma is creating uncertainty for regional credit.
The international ratings agency said on Monday Asia's credit markets face a challenging year in 2016, because of heightened market concerns over China's (Aa3 stable) growth slowdown and the pace of interest rate normalisation in the US (Aaa stable).
Moody's managing director and chief credit officer for Asia Pacific Michael Taylor said it was becoming evident that the Chinese government's primary objectives of maintaining growth in excess of 6.5%, implementing reform and economic rebalancing, and ensuring macroeconomic and financial stability cannot be achieved in unison.
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The international ratings agency said on Monday Asia's credit markets face a challenging year in 2016, because of heightened market concerns over China's (Aa3 stable) growth slowdown and the pace of interest rate normalisation in the US (Aaa stable).
Moody's managing director and chief credit officer for Asia Pacific Michael Taylor said it was becoming evident that the Chinese government's primary objectives of maintaining growth in excess of 6.5%, implementing reform and economic rebalancing, and ensuring macroeconomic and financial stability cannot be achieved in unison.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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