The damage from Covid-19 crisis continues to weigh on issuer financials in Asia Pacific with S&P Global Ratings showing negative outlooks or on credit watch with negative implications on a net 16 per cent of issuers. While this ratio is a slight improvement over recent months, it still implies a significant likelihood of downgrades or defaults in 2021, according to the report titled 'Sector Roundup Asia Pacific Q2 2021: The Climb Back Is Steeper For Some' published on Monday.
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