A vial of Covid-19 vaccine Vero Cell from Sinopharm. - Xinhua
KUALA LUMPUR: Moody’s Investors Service forecasts an economic recovery in the US and China, and continued supportive policy, will bring a decline in Asia-Pacific (Apac) high-yield non-financial corporate default rates.
In its report on Monday, the rating agency also highlighted that renewed restrictions amid a resurgence in coronavirus cases across Apac could delaybusiness recovery and weaken companies' liquidity.
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