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Asia-Pacific Sovereigns Are Not Immediately Affected By The U.S. Downgrade, But Long-Term Consequences Could Be Negative Aug 11
Standard & Poors, Aug 2011
Abstract
SINGAPORE (Standard & Poor's) Aug. 8, 2011--Standard & Poor's Ratings Services said today that in and of itself, there is no immediate impact on Asia-Pacific sovereign ratings resulting from the lowering of the issuer credit ratings on the U.S. to 'AA+' on Friday August 5 (United States of America Long-Term Rating Lowered To ?AA+? On Political Risks And Rising Debt Burden; Outlook Negative). However, the U.S. rating change, together with the weakening sovereign creditworthiness in Europe, does point to an increasingly uncertain and challenging environment ahead. Uncertainties in the global financial market and weakened prospects in the developed economies have further undermined confidence. The potential longer-term consequences of a weaker financing environment, slower growth, and higher risk aversion are negative...
Companies mentioned in this report are: Australia (Commonwealth of) (Unsolicited Ratings),New Zealand,Japan (Unsolicited Ratings),Malaysia,Korea (Republic of),Taiwan (Republic of China) (Unsolicited Ratings),India (Republic of) (Unsolicited Ratings),Indonesia (Republic of),Pakistan (Islamic Republic of),Cook Islands,Vietnam (Socialist Republic of),Sri Lanka (Democratic Socialist Republic of),Republic of Fiji
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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