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Asia-Pacific Sovereigns: Report Card, September 2005 Aug 05
Standard & Poors, Aug 2005
Abstract
The positive sovereign rating trend in Asia Pacific has continued into 2005 with four more upgrades so far: China, Hong Kong, India, and Korea, while only the sovereign rating on the Philippines was lowered. This is very much comparable with global sovereign trends, which saw 17 upgrades and 6 downgrades in the 107 sovereigns that Standard & Poor's currently rates. An indication from the outlooks suggests that the future rating trajectory could be balanced: currently, the outlooks on three sovereigns-China, Indonesia, and Papua New Guinea-remain positive, while that of Taiwan and the Philippines are negative. Growth rates for economies in Asia Pacific have generally moderated toward their trend rates against the headwinds of sustained high oil prices and gradual interest...
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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