With a GDP of about US$2.4 trillion and a young and growing population of 625 million, ASEAN is the fifth-largest global heavyweight when it comes to real GDP, and second only to China in terms of real GDP growth.
Standard & Poor’s Ratings Services published the first edition of the “ASEAN Credit Spotlight” e-newsletter, a publication that provides S&P Ratings' insights into the economies and credit markets of the Association of Southeast Asian Nations.
With a GDP of about US$2.4 trillion and a young and growing population of 625 million, ASEAN is the fifth-largest global heavyweight when it comes to real GDP, and second only to China in terms of real GDP growth. S&P Ratings estimates that GDP growth in ASEAN will increase by almost 5.5% in 2016, from 4.9% in 2014.
“More and more international investors are keen to participate in ASEAN’s growing financial markets,” said Matt Bosrock, Head of Asia-Pacific at S&P Ratings. “With ASEAN transitioning to a new phase of economic integration, there is increasing investor demand for our insights into the region’s changing economic landscape and credit trends.”
Integration of capital markets has intensified, with local and foreign bank and bond markets of ASEAN countries providing necessary funds for growth. These developments have broadened and deepened access to liquidity in the region, but financial market integration remains a work in progress. Indeed, a robust institutional and regulatory framework for financial markets is a key requirement to meet the region's growth potential.
“Stable access to competitively-priced finance remains a top constraint for ASEAN companies to do business and attract investors. Standard & Poor’s is dedicated to helping investors assess their credit risk via independent credit research, including our new ASEAN Credit Spotlight e-newsletter,” Mr. Bosrock added.
The first edition of the ASEAN Credit Spotlight e-newsletter outlines challenges facing banks in the Philippines and Indonesia, recent rating actions on ASEAN corporates, credit trends affecting Indonesia’s property sector, and implications of potential structural reforms in Vietnam.
The publication also provides a snapshot of ASEAN’s economic and credit conditions via a selection of charts, including country-by-country GDP growth and nonperforming loan ratios. A ratings list of ASEAN issuers is also available.
With a GDP of about US$2.4 trillion and a young and growing population of 625 million, ASEAN is the fifth-largest global heavyweight when it comes to real GDP, and second only to China in terms of real GDP growth. S&P Ratings estimates that GDP growth in ASEAN will increase by almost 5.5% in 2016, from 4.9% in 2014.
“More and more international investors are keen to participate in ASEAN’s growing financial markets,” said Matt Bosrock, Head of Asia-Pacific at S&P Ratings. “With ASEAN transitioning to a new phase of economic integration, there is increasing investor demand for our insights into the region’s changing economic landscape and credit trends.”
Integration of capital markets has intensified, with local and foreign bank and bond markets of ASEAN countries providing necessary funds for growth. These developments have broadened and deepened access to liquidity in the region, but financial market integration remains a work in progress. Indeed, a robust institutional and regulatory framework for financial markets is a key requirement to meet the region's growth potential.
“Stable access to competitively-priced finance remains a top constraint for ASEAN companies to do business and attract investors. Standard & Poor’s is dedicated to helping investors assess their credit risk via independent credit research, including our new ASEAN Credit Spotlight e-newsletter,” Mr. Bosrock added.
The first edition of the ASEAN Credit Spotlight e-newsletter outlines challenges facing banks in the Philippines and Indonesia, recent rating actions on ASEAN corporates, credit trends affecting Indonesia’s property sector, and implications of potential structural reforms in Vietnam.
The publication also provides a snapshot of ASEAN’s economic and credit conditions via a selection of charts, including country-by-country GDP growth and nonperforming loan ratios. A ratings list of ASEAN issuers is also available.
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