The COVID-19 pandemic has likely pushed the global economy into recession, with further uncertainties arising from the collapse in oil prices and shaken financial markets. Combined, a cash-flow slump from the drop in demand and much tighter financing conditions will hurt creditworthiness and cause a surge of defaults among nonfinancial corporate borrowers.
S&P Global Ratings' Asia-Pacific Chief Economist, Shaun Roache; and Asia-Pacific Lead Analytical Managers, Vera Chaplin and Christopher Lee, held a webcast on Monday, 23 March, where they discuss the magnitude of the effects of the COVID-19 pandemic. Sector-specific analysis will be provided on the webcast by senior analysts from our Corporate, Financial Institutions, Insurance, Public Finance, Sovereign and Structured Finance practices.
Speakers: Shaun Roache, Managing Director, Chief Economist,
Asia-Pacific Christopher Lee, Managing Director & Lead Analytical Manager, Corporate Ratings, Asia-Pacific Vera Chaplin, Managing Director & Lead Analytical Manager, Financial Services Ratings, Sovereign & International Public Finance Ratings, Structured Finance Ratings, Asia-Pacific Eunice Tan, Senior Director, Insurance Ratings Gavin Gunning, Senior Director, Financial Institutions Ratings Kim Eng Tan, Senior Director, Sovereign Ratings Narelle Coneybeare, Senior Director, Structured Finance Ratings Kensuke Sugihara, Director, Public Finance Ratings
Moderator: Terry Chan, Managing Director, Head of Credit Research, Asia-Pacific