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Asia Pacific non-financial corporates show stable credit trend, but escalating trade tensions pose risks
Moody's Investors Service expects the stable credit trend for Asia Pacific non-financial corporates to continue through 2018, but downside risks, including an intensification of the trade tensions between the US and China, are on the rise. "A further escalation of trade tensions would not only harm growth in both China and the US, it would also spill over to trade-dependent Asian economies, especially large exporters of 'intermediate goods' to China where the goods are assembled into finished products for shipment to the US," says Clara Lau, a Moody's Group Credit Officer. "The trade dispute also comes at a time when ... (full story)