Moody's offers negative outlook on Asia-Pacific sovereigns for 2021

Dhwani Mehta FXStreet

The US-based ratings agency, Moody’s Investors Service offers a negative outlook on the Asia-Pacific economies for 2021, in light of the coronavirus crisis.

Key points

“Moody's negative outlook citing the pandemic shock amplifying vulnerabilities.”

“Lasting credit impacts from the pandemic will depend on governments ability to restore fiscal strength and focus on reform.”

Asian stocks dribble amid cautious optimism

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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