Moody's recorded a jump in non-financial companies from 70 as at end-2019 to 96 in the first quarter this year, the highest it has ever recorded since it began tracking the data in 2008
PETALING JAYA: The worsening global economy due to the coronavirus (Covid-19) and the oil price shock has sent a record high number of companies into the “crossover zone”, according to Moody’s Investors Service.
The zone referred to the ratings closest to the line between speculative grade and investment grade, rated Baa3 or Ba1.
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