Moody's Investors Service's outlook for the banking industry in Asia Pacific (AsiaPac) is negative over the next 12 months as the US-China trade dispute will weaken economic and trade activity in the region, and erode investor confidence.
SINGAPORE: Moody's Investors Service's outlook for the banking industry in Asia Pacific (AsiaPac) is negative over the next 12 months as the US-China trade dispute will weaken economic and trade activity in the region, and erode investor confidence.
"Weaker economic and trade conditions will lead to moderate increases in problem loans for AsiaPac banks," says Eugene Tarzimanov, a Moody's vice president and senior credit officer.
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