Cash crunch amid COVID-19 driving Asian firms towards alternative financing

Cash crunch amid COVID-19 driving Asian firms towards alternative financing

Photo by Tedward Quinn on Unsplash

Businesses suffering in the wake of shutdowns enforced by local governments to contain the COVID-19 outbreak are expected to turn to financing offered by non-traditional lenders. 

The current crisis is set to be far more crippling than the financial crisis a decade ago and already, the cost of funding is soaring. Companies, even investment-grade ones, would have projected liquidity for some months, and not the protracted period of difficulty that the global health crisis is causing, and would thus be seeking capital injections in order to keep going. 

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