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Asia-Pacific Banks Well Placed To Withstand Any Moderation In House Prices, Report Says May 11
Standard & Poors, May 2011
Abstract
TOKYO (Standard & Poor's) May 23, 2011--Banks around the Asia-Pacific region appear well placed to withstand any moderation in house prices, reflecting prudent lending practices, tight regulations, and high household savings rates, according to a report published today by Standard & Poor's Ratings Services, titled 'Could A House Price Correction Threaten Asia-Pacific Banks?'. While house prices have escalated in many markets around the region in recent years, and there is scope for a correction in some 'hot' areas, Standard & Poor's does not currently anticipate a deep, disruptive price correction for the region's residential property that could lead to systemic risk for Asia-Pacific's banks. 'We expect that the region's stable economic outlook and rising household income--factors that have influenced average...
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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