India only market in A-Pac with negative power sector outlook: Moody’s

Stabilising or improving cash flows amid power demand recovery, the gradual pace of regulatory change and manageable transition to a low carbon economy underpin Moody’s Investors Service’s stable outlook for the Asia Pacific power sector in 2021.

“Our outlook for the A-Pac power sector is stable for 2021 as it has been since 2009. While the sector faced challenges this year as a result of the pandemic, they have been manageable overall and we expect broadly supportive business conditions across the region as economies recover,” said Boris Kan, Moody’s Vice President and Senior Credit Officer.

“We do see some challenges in India’s power sector and, to a lesser extent, unregulated utilities in Australia, China and Japan driven by evolving operating conditions,” said Kan on Wednesday.