Moody’s: Asset risk for banks to rise in Asean, India due to Covid

“By contrast, the resumption of global economic activity will boost trade growth in Vietnam (Ba3 positive), Malaysia (A3 stable) and Singapore (Aaa stable)," Moody's said.

KUALA LUMPUR: Moody’s Investors Service expects asset risks for banks will rise in most parts of Asean and India as the region battles new waves of Covid-19 infections amid low vaccination rates.

In its report on Tuesday, it noted however, continued policy support and strong loss-absorbing buffers mitigate the negative impact.