The number of Chinese companies failing to make payments will continue to rise in the year ahead as economic growth sputters and the government attempts to rein in support to indebted companies, according to Moody’s Investors Service.
The UK’s sovereign credit rating was placed on negative outlook by Moody’s Investors Service, which said the country’s ability to set policy has weakened in the Brexit era along with its commitment to fiscal discipline.
The Bank of Korea (BoK) will likely maintain its policy rate at the current 1.5 percent next week as Asia's fourth-largest economy is struggling with sluggish employment and global trade disputes, a market watcher said.
Global rating agency Moody's Investors Service said Monday that it has maintained its rating on South Korea at 'Aa2', citing the country's resilience to global shocks, eased geo-political risks and sound public finances.
Global rating agency Moody's Investors Service on Wednesday reaffirmed its record-high Aa2 rating for South Korea, with its rating outlook also remaining stable, despite rising tensions over North Korean issues.
South Korea's central bank is likely to hold its key rate steady this month as soft domestic demand could keep monetary policy accommodative in the near term, a leading provider of economic analysis said on Saturday.
Moody's Investors Service kept its forecast for G20 economic growth at just over three percent for this year and next, but warned of geopolitical risks, US protectionism and spillovers from global monetary tightening and China's deleveraging measures.
South Korea's central bank is likely to hold its key rates steady this month as soft economic growth and subdued inflation will allow it to sit on the sidelines, a leading provider of economic analysis said Sunday.
South Africa escaped wall-to-wall junk sovereign assessments from the three biggest ratings companies after Moody’s Investors Service downgraded the nation by one level to the lowest investment grade, citing the effect of politics on institutions and economic growth.
China's structural reforms will not be enough to arrest its rising debt, and another credit rating downgrade for the country is possible unless it gets its ballooning credit in check, two officials at Moody's ratings agency said on Friday.
Moody's bumped up Argentina's credit rating one grade to ‘B3’ due to ‘economic policy improvements’ under a new, business-friendly government and expectations the country will finally settle a legal battle with creditors.