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Asia-Pacific Report Card Reveals Sovereign Credit Quality Stable With Positive Bias Jul 04
Standard & Poors, July 2004
Abstract
SINGAPORE (Standard & Poor's) July 22, 2004--Standard & Poor's Ratings Services sees a 'positive bias' in sovereign credit quality and credit rating actions in the Asia- Pacific region, according to a report released today. The rating outlooks on five sovereigns are positive, namely China, Thailand, Pakistan, Indonesia, and the Cook Islands. The report, entitled 'Asia-Pacific Report Card, August 2004' also provides updates on credit developments in each of the 18 rated sovereigns in the region. The region's economic recovery, which began in mid-2003, has continued into 2004. Revival in domestic demand--both consumption and investment--has occurred across most of Asia Pacific. This comes on top of ongoing robust export growth, partly stemming from intra-Asia trade from a booming China. Recent global...
Companies mentioned in this report are: Australia (Commonwealth of) (Unsolicited Ratings),New Zealand,Japan (Unsolicited Ratings),Hong Kong (Special Administrative Region),Thailand (Kingdom of),Korea (Republic of),Singapore (Republic of) (Unsolicited Ratings),Taiwan (Republic of China) (Unsolicited Ratings),India (Republic of) (Unsolicited Ratings),China (People's Republic of ),Indonesia (Republic of),Philippines (Republic of the),Pakistan (Islamic Republic of),Cook Islands,Papua New Guinea (Independent State of),Mongolia,Vietnam (Socialist Republic of),Sri Lanka (Democratic Socialist Republic of)
Action: S&P Event
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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