Banks' asset quality, profits impacted by Covid-19, Moody's says

Moody's said the sectors affected by the disruption caused by the Covid-19 are travel and toursim, private consumption, supply chains, commodities, property prices and financial markets.

KUALA LUMPUR: Moody's Investors Service expects Asia Pacific (Apac) banks' asset quality and profitability to be impacted if the outbreak of the coronavirus Covid-19 intensifies and the disruptions stemming from it are not contained in the next few months.

The rating agency said on Wednesday If the virus related disruptions are short-lived, there will be a limited credit impact on Apac economies and banks.