Money with stock papers
Markets

Moody's on China - corporate revenue is stabilizing, leverage to remain elevated

From Moody's 2017 outlook: Non-Financial Corporates -- China: 2017 Outlook - Revenue Is Stabilizing; Leverage to Remain Elevated.

  • Says that continued robust GDP growth in China in 2017 and stabilizing commodity prices will drive modest revenue growth and improve profitability for the Chinese non-financial corporates
  • Says impact will vary by sector

Comments from Clement Wong, an Associate Managing Director in Moody's Corporate Finance Group

  • "Revenue will grow modestly in 2017 from a low base in 2016, but we expect deleveraging will remain slow, especially for overcapacity sectors due to still elevated investment needs"
  • "At the same time, refinancing risk is manageable for the sector as a whole for the rated portfolio, because onshore bonds account for the majority of bonds maturing through 2017 and onshore issuance remains a supportive funding channel for Chinese corporates"

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx

Latest Markets Videos