News Snapshot:
- A + A KUALA LUMPUR (Sept 5): Asia-Pacific's non-banks navigated the Covid-19 pandemic well, only to encounter a set of risks that may prove more onerous and operationally disruptive, said S&P Global Ratings. In a commentary titled “Asia-Pacific's Nonbanks Brace For Funding Squeeze” released on Monday (Sept 5), the rating agency said non-bank financial institutions (NBFIs) face escalating funding costs as wholesale capital markets close to speculative-grade entities. It said a dramatic reversal in sentiment that locks such institutions out of typical financing channels could dent their ratings. S&P Global credit analyst Geeta Chugh said many regional NBFIs rely...
