Asian airlines and casinos squeezed in credit market

Generating cash becomes tougher as region's tourism shrinks

20200208N Macau

 Macau closed its casinos for two weeks in response to the virus outbreak. © Reuters

HIROFUMI TAKEUCHI, Nikkei staff writer

TOKYO -- The impact of the novel coronavirus is now being felt in the global credit market as bonds issued by Asian airlines and casino operators come under selling pressure.

Money is starting to flow out of funds that invest in junk bonds. The outbreak is putting a chill on the global movement of people and the leisure industry, casting doubts on the ability of companies to generate cash.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.