Pandemic brings long-term changes to structured finance | The Malaysian Insight

Covid-19 has weakened businesses such as tourism, aviation and retail, resulting in long-term changes to structured finance worldwide. – The Malaysian Insight file pic, July 16, 2020.

THE Covid-19 crisis is bringing long-term changes to structured finance worldwide, altering the risk profile of many asset classes because of the effects of government’s intervention, behavioural changes and other developments, said Moody’s Investors Service today. Moody’s vice-president and senior research analyst Frank Cerveny said long-lasting effects include slower growth in many countries, lower productivity and higher long-term unemployment with negative implications for structured finance transactions, particularly those exposed to cyclical and Covid-19-weakened businesses such as tourism, aviation and retail.

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