"We expect the regional economy to chart steady GDP growth, 5.3% in 2015 and 5.4% in 2016. This should keep the net ratings bias on an even trajectory," says S&P Report
The net negative ratings bias for the Asia-Pacific issuer pool has flattened out in recent months as regional economies stabilize, Standard & Poor's Ratings Services said in a report published today titled, "Asia-Pacific Credit Outlook 2Q 2015: Negative Bias Steadies But Stays High."
"We expect the regional economy to chart steady GDP growth, 5.3% in 2015 and 5.4% in 2016. This should keep the net ratings bias on an even trajectory," Standard & Poor's credit analyst Terry Chan said. "However, the negative bias remains high at 11% at end February 2015, with varying performance by sector."
The automotive sector has fared relatively well. At the other end of the spectrum, cyclical industries are not doing as well. These include the chemicals (with a 23% net negative bias), real estate development (22%), retail (18%), and capital goods (17%) industries.
The public finance sector has shown an upward trend in terms of ratings bias. By contrast, the ratings bias trend for the real estate development sector has been declining. For the other sectors, the rating bias direction has been volatile, given the statistically small number of entities in many of the sector pools.
The net negative ratings bias for the Asia-Pacific issuer pool has flattened out in recent months as regional economies stabilize, Standard & Poor's Ratings Services said in a report published today titled, "Asia-Pacific Credit Outlook 2Q 2015: Negative Bias Steadies But Stays High.""We expect the regional economy to chart steady GDP growth, 5.3% in 2015 and 5.4% in 2016. This should keep the net ratings bias on an even trajectory," Standard & Poor's credit analyst Terry Chan said. "However, the negative bias remains high at 11% at end February 2015, with varying performance by sector."
The automotive sector has fared relatively well. At the other end of the spectrum, cyclical industries are not doing as well. These include the chemicals (with a 23% net negative bias), real estate development (22%), retail (18%), and capital goods (17%) industries.
The public finance sector has shown an upward trend in terms of ratings bias. By contrast, the ratings bias trend for the real estate development sector has been declining. For the other sectors, the rating bias direction has been volatile, given the statistically small number of entities in many of the sector pools.
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