Moody’s Investors Service said its Asian Liquidity Stress Index (Asian LSI) fell to 33.6% in May from 34.2% in April and remains at elevated levels due to weak corporate liquidity profitles across Asia.
The international ratings agency said on Wednesday the reading in May was lower than the record high of 37.0% reached in December 2008 amid the global financial crisis but the result was still higher than the trailing 12-month average of 29.3%.
“The Asian LSI remains at elevated levels due to weak corporate liquidity profiles across Asia. “In particular, the property, oil and gas, and metals & mining sectors account for over 60.0% of the SGL-4 scores,” added Brian Grieser, a Moody’s vice president and senior analyst.
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The international ratings agency said on Wednesday the reading in May was lower than the record high of 37.0% reached in December 2008 amid the global financial crisis but the result was still higher than the trailing 12-month average of 29.3%.
“The Asian LSI remains at elevated levels due to weak corporate liquidity profiles across Asia. “In particular, the property, oil and gas, and metals & mining sectors account for over 60.0% of the SGL-4 scores,” added Brian Grieser, a Moody’s vice president and senior analyst.
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