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01.09.2015 08:04:00
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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.
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