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

  • ID: 2417483
  • February 2013
  • Standard & Poors
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  • Cook Islands
  • India (Republic of)
  • Indonesia (Republic of)
  • Japan
  • Korea (Republic of)
  • Malaysia
  • MORE

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...

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.

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- Australia (Commonwealth of)
- New Zealand
- Japan
- Hong Kong (Special Administrative Region)
- Malaysia
- Thailand (Kingdom of)
- Korea (Republic of)
- Singapore (Republic of)
- Taiwan (Republic of China)
- India (Republic of)
- 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

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