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01.09.2015 08:04:00

Moody's: Most of non-property Chinese companies can withstand a 10% weakening of the RMB

Hong Kong, September 01, 2015 -- Moody's Investors Service says that most of the 70 rated Chinese utility, infrastructure and non-property companies that it analyzed in a just-released report have sufficient financial cushion to withstand a 10% depreciation of the renminbi (RMB). This 10% depreciation assumption includes the depreciation that followed the 11 August change in the mechanism for determining the daily fixing rate of the renminbi against the US dollar.

Vollständigen Artikel bei Moodys lesen