• About
  • Subscribe
  • Contact
Friday, March 24, 2023
    Login
FutureCFO
  • Business Insights
    • Competencies and Capabilities
    • Digital Transformation
    • Leadership and Roles
    • Mergers and Acquisitions
    • Risk and Regulation
    • Strategies and Tactics
  • Operations
    • Audit and Compliance
    • Finance Accounting and Reporting
    • Operational Accounting and Control
    • Tax Management and Optimization
    • Treasury and Cash Management
  • Technology
    • Artificial Intelligence
    • Automation
    • Big Data
    • Blockchain
    • Business Applications
    • Cloud, Platforms and Ecosystems
    • Future Technology
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
  • Awards
  • Knowledge Hub
    • Sustainable Finance
No Result
View All Result
  • Business Insights
    • Competencies and Capabilities
    • Digital Transformation
    • Leadership and Roles
    • Mergers and Acquisitions
    • Risk and Regulation
    • Strategies and Tactics
  • Operations
    • Audit and Compliance
    • Finance Accounting and Reporting
    • Operational Accounting and Control
    • Tax Management and Optimization
    • Treasury and Cash Management
  • Technology
    • Artificial Intelligence
    • Automation
    • Big Data
    • Blockchain
    • Business Applications
    • Cloud, Platforms and Ecosystems
    • Future Technology
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
  • Awards
  • Knowledge Hub
    • Sustainable Finance
No Result
View All Result
FutureCFO
No Result
View All Result
Home Business Insights

More APAC firms have high exposure to coronavirus disruptions

FutureCFO Editors by FutureCFO Editors
May 25, 2020
asia

Photo by blackred on iStock

About 22% of 476 rated non-financial companies in Asia Pacific have high exposure to coronavirus disruptions, up from 20% in March, as the effects of the pandemic on companies' credit quality have become more apparent, said Moody's Investors Service recently.

"Airlines, automakers and auto part suppliers, casinos, discretionary retail and hospitality companies continue to bear the economic brunt of the outbreak, given their sensitivity to consumer demand and travel restrictions," said Laura Acres, a Moody's Managing Director and Regional Head of Asia Pacific Corporate Finance Group. "In addition, declining oil prices and weak industrial demand will continue to hurt oil and gas and shipping."

Of the 105 high exposure companies, nearly 90% face negative operating conditions and already have negative outlooks or are under review for downgrade, with almost 30% having weak liquidity, the credit rating agency noted.

"Steel and oilfield services have joined the list of sectors with high exposure, mainly because the halting of production and weakening demand from end-users have hindered steelmakers' operations, while sluggish demand and depressed oil prices are adversely affecting companies in oilfield services," said Kaustubh Chaubal, a Moody's Vice President and Senior Credit Officer.

Exposure is moderate for 39% of companies (183), up from 36% in March, according to Moody’s. 

Most of these companies operate in the mining, property, refining and marketing, chemical, protein and agriculture sectors with just 4% having weak liquidity, the firm observed.

On the other end of the scale, exposure is low for 39% of companies (188), said Moody’s, adding that these include companies providing essential services or those with diversified business models, such as information technology, telecommunication and media, and engineering and construction companies.

Related:  Skill confidence high among Hong Kong professionals
Tags: Asia PacificcoronavirusexposureMoody's
FutureCFO Editors

FutureCFO Editors

Strategic Insights for Finance Executives

FutureCFO.net is about empowering the CFO and the Finance Team to take on the leadership position in the digitalization of the enterprise. It's more than just a portal for the exchange of industry best practices, it is about creating and growing a community of finance professionals able to share learned experiences, providing a platform for the current and next generation of finance leaders and professionals.

Quick Links

  • Videos
  • Resources
  • Subscribe
  • Contact

Cxociety Media Brands

  • FutureIoT
  • FutureCFO
  • FutureCIO
  • Privacy Policy
  • Terms of Use
  • Cookie Policy

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

No Result
View All Result
  • Business Insights
    • Competencies and Capabilities
    • Digital Transformation
    • Leadership and Roles
    • Mergers and Acquisitions
    • Risk and Regulation
    • Strategies and Tactics
  • Operations
    • Audit and Compliance
    • Finance Accounting and Reporting
    • Operational Accounting and Control
    • Tax Management and Optimization
    • Treasury and Cash Management
  • Technology
    • Artificial Intelligence
    • Automation
    • Big Data
    • Blockchain
    • Business Applications
    • Cloud, Platforms and Ecosystems
    • Future Technology
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
  • Awards
  • Knowledge Hub
    • Sustainable Finance
Login

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Login to your account below

or

Not a member yet? Register here

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In