China: Increasing credit differentiation between regions and sectors
While some common trends will shape credit for most Chinese issuers, differences in revenue growth, scope to deleverage, exposure to tight liquidity or policy changes, point to differentiation between regions and sectors.
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    959 Documents
    TitleIssuer/Entity
    11 FEB 2020|Issuer In-Depth|MOODY'S INVESTORS SERVICE
    Shanghai Electric is diversifying as China transitions to a lower-carbon economy. The diversification will weaken the company's credit quality but strengthen its ability to grow and compete.
    10 FEB 2020|Sector Comment|MOODY'S INVESTORS SERVICE
    The coronavirus outbreak is credit negative, to varying degrees, for many debt issuers around the world. We have summarized our research on the topic in one easy-to-digest report.
    07 FEB 2020|Sector Comment|MOODY'S INVESTORS SERVICE
    Suspended public transportation, travel bans and reduced customer traffic disrupt business operations for retailers, travel and transport companies, which subsequently increases credit risk.
    06 FEB 2020|Sector Comment|MOODY'S INVESTORS SERVICE
    Asset pressure will be highest on loans to small businesses and individuals in the regions affected by the coronavirus; any broader impact will depend on measures to contain the epidemic.
    06 FEB 2020|Sector Comment|MOODY'S INVESTORS SERVICE
    Adverse impact is short term and will be mitigated by long-term auto demand and our rated auto makers' solid business profiles and good financial buffers
    05 FEB 2020|Sector Comment|MOODY'S INVESTORS SERVICE
    The economic disruption caused by the coronavirus will push up delinquency rates, cut interest earnings and slow principal repayments from the underlying loans in structured finance deals.
    04 FEB 2020|Sector Comment|MOODY'S INVESTORS SERVICE
    The spread of the coronavirus across China poses a threat to Chinese transport demand because of reduced travel incentives and service suspensions.
    04 FEB 2020|Sector Comment|MOODY'S INVESTORS SERVICE
    The Coronavirus outbreak in China will weaken Chinese property companies' property sales and cash flow in Q1.
    04 FEB 2020|Sector Comment|MOODY'S INVESTORS SERVICE
    The direct financial impact to Chinese insurers from the coronavirus outbreak will be modest but potential risk on operations and distribution is high.
    03 FEB 2020|Sector Comment|MOODY'S INVESTORS SERVICE
    The coronavirus outbreak to have its main effect on China's economy through its impact on consumers and supply chains. The government and other issuers have the means to absorb the shock.