Fitch: ASEAN Coronavirus risks hinge on duration and policy response

Dhwani Mehta FXStreet

The US-based rating agency, Fitch Ratings, said in its latest report, the ASEAN coronavirus risks hinge on duration and policy response.

Key Findings:

“Sovereigns in ASEAN have sufficient financial buffers to weather near-term impacts associated with novel coronavirus outbreak.

If the effects of coronavirus extend well beyond 1Q20, ratings vulnerabilities could emerge for some ASEAN sovereigns.

It does not anticipate near-term rating actions as a result of the outbreak for ASEAN countries.

So long as china's growth begins to recover quickly in the second half of 2020, economic disruption associated with COVID-19 is likely to be contained.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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