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Investors should brace for more Asia debt downgrades

Richard Morrow
Moody’s and fund managers believe further debt downgrades are an inevitability as Covid-19’s impact continues. China could offer both strong investments and potential defaulters.
Investors should brace for more Asia debt downgrades

The ongoing impact of the Covid-19 pandemic is set to see continued elevated levels of bond defaults in Asia and other parts of the world, which leaves investors with a need to be cautious – even as rate cuts cause overall bond returns to fall.

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