Moody's: Most Chinese rated high-yield non-financial companies can withstand 10% RMB depreciation
Hong Kong, February 21, 2017-- Moody's Investors Service says 52 of the 59 high-yield non-financial companies it rates in China could absorb the adverse effects on their leverage and interest coverage of a hypothetical 10% depreciation of the renminbi against the US dollar from the beginning of 2017 to USD/RMB7. 7.. "These companies have cushion under their financial rating triggers based on our expectations for revenue and margin improvement in 2017, or sufficient mitigants...
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