> Moody's says Chinese company bond defaults will continue CNY A dour report from the rating agency. Eamo
CNY
- A dour report from the rating agency.
Eamonn Sheridan
Wednesday, 15/12/2021 | 02:30 GMT-0
15/12/2021 | 02:30 GMT-0
Moody’s latest on China:
- China’s government support measures will partly relieve LGFVs refinancing pressure
- credit quality will further diverge as funding access differentiates between companies and provinces, while Chinese corporate bond defaults will continue
- funding conditions for Chinese companies will remain weak in the first half of 2022, after a worsening in the third quarter of 2021
- bond defaults for Chinese companies will continue in 2022 given increased risk aversion and tightened funding access
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