Moody’s: Outlook for Asia Pacific Sovereigns, Corporates and Financial Institutions Stable

Moody’s Investors Service says that the outlook for Asia Pacific sovereigns, corporates and financial institutions is generally stable, while China’s local government financing vehicles (LGFVs) are under pressure, but will likely undergo consolidation and transformation.

“With Asia’s corporates, steady economic expansion and corporate earnings growth will underpin expectations of stable credit quality and drive deleveraging,” says Clement Wong, a Moody’s Associate Managing Director
for Corporate Finance.