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

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