2016 to be tough for Asian corporates: Moody’s
Credit ratings agency Moody’s Investors Service on Monday said that 2016 will be a “challenging year” for corporates in Asia, mainly because of “heightened market concerns” over the slowdown in China and a likely hike in interest rates in the US. Weak growth and commodity price declines, combined with foreign currency volatility would raise credit risk across Asia, it added.