Asia companies not facing liquidity issues

 "Furthermore, Moody's has reviewed its rated portfolio for the region and concluded that broadly it faces no imminent challenges if the cross-border bond market remains, as it is now, essentially shut," according to a new report.

 The just-released report is authored by Brian Cahill, Moody's MD for Corporate Finance in Asia Pacific, and Clara Lau, a Senior VP and Chief Credit Officer, and is entitled "Asia Pacific Corporates Well Positioned for Liquidity Strain; Some Challenges Evident."

 "Traditionally, regional companies have relied more heavily on the banking system for funding than their counterparts in other parts of the world," Cahill said in a press statement, adding, "Crucially, Asia's banks are generally showing no reluctance to lend to corporates in the current environment."

- The Nation