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Report Card: Asia-Pacific Sovereigns: Mixed Outlook In An Uncertain Year Mar 12
Standard & Poors, March 2012
As anticipated in our previous report card, we've had no sovereign upgrade in Asia-Pacific over the past six months (see "Asia-Pacific Sovereigns: Is The Positive Rating Trend On Hold?" published Sept. 19, 2011, on RatingsDirect on the Global Credit Portal). A couple of new positive outlooks have been balanced by an even greater number of downgrades, although the latter was partly driven by criteria changes. Between late September 2011 and March this year, Standard & Poor's Ratings Services downgraded three foreign-currency sovereign ratings in the region (see table 1). Ratings on Cambodia and the Cook Islands were lowered late 2011 due to changes in our sovereign criteria published in last year (see "Sovereign Government Rating Methodology and Assumptions," published June...
Companies mentioned in this report are: Thailand (Kingdom of),Singapore (Republic of) (Unsolicited Ratings),Taiwan (Republic of China) (Unsolicited Ratings),Vietnam (Socialist Republic of),Sri Lanka (Democratic Socialist Republic of)
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.
Thailand (Kingdom of),Singapore (Republic of) (Unsolicited Ratings),Taiwan (Republic of China) (Unsolicited Ratings),Vietnam (Socialist Republic of),Sri Lanka (Democratic Socialist Republic of)