Moody's: US-China trade tensions and........>

RATINGS: Moody's: US-China trade tensions and slowing economic growth cloud 2020

outlook for Asian (ex-Japan) non-financial companies

- Moody's Investors Service says in a new report that slowing economic growth

and continued trade tensions will keep credit conditions negative for

non-financial companies in Asia (ex-Japan) in 2020, although the impact will

vary by country and sector. "The ongoing US-China trade tensions are weighing on

business sentiment, industrial activity and investment decisions, and

consequently also on GDP growth in key economies across the region," says Wan

Hee Yoo, a Moody's Vice President and Senior Credit Officer. "The slowdown in

GDP growth, coupled with companies' investment needs, will also stall

deleveraging for our rated companies," adds Yoo. Moody's believes that most

rated companies will maintain strong access to funding, although funding

conditions will tighten for weaker companies, widening the gap in credit

quality. Moody's currently maintains stable outlooks for the China property,

Asia Pacific telecom and Asia Pacific power sector.

- Link: http://www.moodys.com/viewresearchdoc.aspx?docid=PBC_1202937