Moody's Investors Service says that its Asian Liquidity Stress Indicator (Asian LSI) increased to 26.1% in February from 24.7% in January, the first deterioration since October 2017 in liquidity for high-yield companies in Asia. The Asian LSI measures the percentage of high-yield companies with Moody's weakest speculative-grade liquidity score of SGL-4 as a proportion of high-yield corporate family ratings. The indicator increases when speculative-grade liquidity deteriorates. "Moody's Asian LSI reading also remained above the long-term average of 23.2%, highlighting ongoing weakness in liquidity for many ... (full story)