Investors should brace for more Asia debt downgrades

The ongoing impact of the Covid-19 pandemic is set to see continued elevated levels of bond defaults in Asia and other parts of the world, which leaves investors with a need to be cautious – even as rate cuts cause overall bond returns to fall. However, the region is doing better than elsewhere, and many Chinese credits in particular look well placed to weather the year, say debt experts. Rating agency Moody’s said in a new report on Wednesday (August 5) that it anticipated that…