KUALA LUMPUR, July 18 — High commodity prices will strain the credit quality of rated companies in South and South-east Asia to varying degrees, with auto-related and chemical companies the most exposed, says Moody’s Investors Service in a new report.
“Although commodity prices have declined in recent weeks, they continue to be above long-term averages,” he said in a statement today. “Property developers can pass some of the higher costs to house buyers, and as for steelmakers, strong steel demand will support their earnings despite narrowing product spreads on higher input costs.
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