Macroeconomy/Finance

Moody’s: Strong pre-COVID-19 corporate liquidity will help to navigate slowdown

Moody’s said that despite the challenges amid the coronavirus outbreak, companies in Chile have taken advantage of market liquidity and appetite through March 2020. According to the risk rating agency, liquidity risk has improved slightly in 2019 for its 17 rated Chilean non-financial companies, utilities and infrastructure issuers, with low or medium liquidity risk overall. Marcos Schmidt, a Moody’s Vice President, said that. “Chilean non-financial companies seem to have begun the coronavirus outbreak period with stronger liquidity and were prepared to navigate the difficult scenario.”

Source: Moody’s

Categories: Macroeconomy/Finance