Asia-Pacific outlook negative for Moody's

By The Manila Times

Jan 16, 2024 12:34 am

SOVEREIGN creditworthiness in the Asia-Pacific region will likely take a hit this year due to weak global demand and a deterioration in debt affordability, Moody's Investors Service said on Monday.

The debt watcher said its negative outlook was premised primarily on a slowdown in China, which would limit the region's output, tight funding conditions, and geoeconomic factors.

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