Prospects For Asia-Pacific Banks Stable In 2006, Says Standard & Poor's Report Jan 06
- ID: 2166479
- January 2006
- Standard & Poors
SINGAPORE (Standard & Poor's) Jan. 18, 2006--The prospects for bank ratings in Asia Pacific in 2006 are stable, said Standard & Poor's Ratings Services in its banking report published today titled "Asia-Pacific Banking Outlook 2006." "Most banking systems in the Asia-Pacific region have improved their credit profiles, thanks to stable economic conditions and continuing structural improvements. This is in spite of rising oil prices and interest rates threatening the broader economic recovery," said Standard & Poor's credit analyst Ping Chew. "In the next few years, most banks should continue with these improvements, although the pace of such improvements may be moderated by risks in the horizon." There was a significant increase in the number of bank rating upgrades in 2005,...
Companies mentioned in this report are:
- The Hongkong and Shanghai Banking Corp. Ltd.
- Hong Kong (Special Administrative Region)
- Korea (Republic of)
- Singapore (Republic of) (Unsolicited Ratings)
- China (People's Republic of )
Action: S&P Event
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