Private credit market set to expand in Asia- Pacific amid economic growth: Moody's

Private credit markets in the Asia Pacific region have grown rapidly over the past decade and it will continue to expand, driven by niche demand amid growing economies, said Moody's Ratings.

That said, continued dominance of banks in lending in the region means private credit markets are still small.

The global rating agency asserted that the private credit sector in Asia-Pacific will continue to expand, led by large economies, as robust economic growth boosts overall financing needs.