Hints and tips:
...So that’s where I expect the extra spending to go,” Heron Lim, economist with Moody’s Analytics, said. “A stimulus ‘bazooka’ as it has been traditionally designed, I don’t think will come.”...
...Logan Wright, a Hong Kong-based partner at consultancy Rhodium Group, calls the situation a “slow-motion financial crisis”. Contagion is spreading into the deep tissue of China’s political economy....
...Kaven Tsang, senior vice-president at Moody’s, said that coronavirus restrictions had contributed to delays at a time when auditors “have more questions”....
...Meanwhile, the Haitong ETF holds two bonds, maturing in 2023 and 2026, issued by Logan....
...markets know what the fiscal situation is in the US, why it is a problem and how it may or may not be fixed, and in that sense rating agencies don’t add much by changing their letter or number,” said Kevin Logan...
...This month Moody’s slashed to junk status its ratings on Centex, Lennar and Pulte Homes, noting it did not expect a rebound in housing until at least 2009....
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