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