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Asia-Pacific Sovereigns: Report Card, February 2005 Feb 05
Standard & Poors, Feb 2005
Abstract
Despite the possibility of facing more headwind in 2005, Asia Pacific's high-flying economies will be largely resilient to most shocks and cyclical corrections, because they and their governments have bolstered their financial strength, especially their external positions, in 2003 and 2004. Correspondingly, the positive rating trends for Asia sovereigns might moderate in 2005, compared with the previous two years. Since the start of the year, we have upgraded the foreign currency rating on India, but downgraded the ratings on the Philippines. GDP growth for many Asian economies in 2005 is likely to normalize toward their medium-term trend growth. A less benign global environment may present several risks to the generally positive outlook for the region. Asia is still dependent on...
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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