United Kingdom

ASA International: Covid-19 raises two key questions over the business model

  • We think the lockdowns being imposed globally could cause severe stress to ASAI's portfolio of micro-business loans

  • Social distancing measures are also extremely disruptive to ASAI's high-touch, lending-club style business model

  • We suspend our rating (previously Hold) pending further communication from the company

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April 22nd, 2020
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