- CNTV English - CCTV News

S&P: No change to Asia-Pacific ratings

08-08-2011 18:27 BJT

Watch Video

Play Video

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

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program