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S&P: No change to Asia-Pacific ratings

08-08-2011 18:27 BJT

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Ratings agency Standard and Poor's SAYS its historic downgrade of the US credit rating will have no immediate impact on the status of Asia-Pacific nations.

The agency says the outlook for most borrowers in the region remains stable. The forecast is underpinned by sound domestic demand, relatively healthy corporate and housing sectors, and high liquidity and savings rates. However, S&P highlighted New Zealand, Japan and Vietnam as possible exceptions, saying these countries could suffer over the long term under a fresh global downturn.

The agency says the US rating downgrade, together with the growing debt crisis in Europe, points to increasingly uncertain and challenging times ahead.

Editor:Xiong Qu |Source: CNTV.CN

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