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Asia-Pacific Economies Face Stiff Test If Another Global Financial Crisis Erupts, Say Reports Sep 11
Standard & Poors, Sep 2011
Abstract
HONG KONG (Standard & Poor's) Sept. 15, 2011--A potential double-dip recession among developed economies could have tough knock-on effects for Asia-Pacific nations, according to a series of articles that Standard & Poor's Ratings Services published this week. 'While not our base-case scenario, the region could be in for a hard landing if the U.S. and eurozone enter another recession,' says Michael Petit, Standard & Poor's Head of Corporate and Government Ratings--Asia-Pacific. 'However, China could maintain its record of high single-digit growth for several years if it steps up its reform program.' In an article titled 'Efficiency Gains Could Keep China's Economy On Full Throttle,' Standard & Poor's credit analyst Mr. Kim Eng Tan said the main risk to growth is...
Action: General Comment
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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