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Asia-Pacific Banks Can Expect a Steady, But Not Spectacular, 2003 Nov 02
Standard & Poors, Nov 2002
Abstract
HONG KONG (Standard & Poor's) Nov. 19, 2002--Standard & Poor's Ratings Services said today that stability rather than spectacular growth is likely to be the defining theme for most banking sectors in the Asia-Pacific region in 2003. 'Slow economic growth in the countries of the region-with the notable exceptions of mainland China, Australia, and New Zealand-is conspiring to thwart any real improvement in performance,' said Ian Thompson, managing director, Financial Services Ratings, Asia-Pacific. 'However, forward momentum created by efforts on the part of banks and regulators to emerge from the trough of the 1997-1998 Asian financial crisis is expected to ensure that most banks and banking systems will be able to hold their own through 2003,' he added. Mr. Thompson's...
Companies mentioned in this report are: Australia (Commonwealth of) (Unsolicited Ratings),New Zealand,Japan (Unsolicited Ratings),Hong Kong (Special Administrative Region),Malaysia,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),Vietnam (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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