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An Asia-Pacific Credit Crisis Remains Unlikely—But The Signs Are There Feb 13 Product Image

An Asia-Pacific Credit Crisis Remains Unlikely—But The Signs Are There Feb 13

  • ID: 2417483
  • February 2013
  • Standard & Poors

FEATURED COMPANIES

  • Cook Islands
  • Indonesia (Republic of)
  • Korea (Republic of)
  • Malaysia
  • Mongolia
  • New Zealand
  • MORE

Abstract
Asia-Pacific economies have so far escaped the credit crises that the U.S. and Europe have experienced. But debt levels in key economies are much higher today than they were just six to seven years ago. Betting that they can avoid the law of gravity to stay safely at these elevated levels indefinitely doesn't seem wise. The saving grace for Asia-Pacific countries is that some structural factors lower the risks to financial and macroeconomic stability. Total credit extended to non-financial entities in the region remains lower than in most parts of Europe. Corporate borrowings partly support economic activities outside of their home countries. And the importance of asset-heavy industries in some countries raises the overall level of credit but increases financial...

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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.

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- 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)
- Pakistan (Islamic Republic of)
- Cook Islands
- Papua New Guinea (Independent State of)
- Mongolia
- Vietnam (Socialist Republic of)
- Sri Lanka (Democratic Socialist Republic of)
- Bangladesh (People's Republic of)
- Republic of Fiji

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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