FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post

Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by ONTHEMONEY Yesterday at 11:49 pm

» SEMB the ASPH
by soileconomy Yesterday at 9:31 pm

» Browns bullish on investments in local, international hotels
by SAGA Yesterday at 8:23 pm

» Top Foreign Trading today
by SAGA Yesterday at 8:20 pm

» Sell EXPO Buy EDEN sentiment changed to Exit EXPO Enter EDEN
by ADVENTUS Yesterday at 4:45 pm

» Top crossings today
by SAGA Yesterday at 2:53 pm

» LAUGFS GAS PLC (LGL.N0000)
by Wickyz Yesterday at 2:06 pm

» Sri Lanka’s 213 billion rupee money printing to repay foreign debt: Treasury Secretary explains
by CITIZEN Yesterday at 11:25 am

» Oman shows interest in SLAF HQ land and Chalmer’s Granary
by dayandacool Yesterday at 11:03 am

» HVA FOODS PLC (HVA.N0000)
by prabath Yesterday at 10:05 am

» EXPOLANKA HOLDINGS PLC Interim Financial Statements quarter ended 30th June 2021
by mah2903 Yesterday at 2:59 am

» ලාභ ගන්න කොටස් වලින් මේක සම්පූර්ණයෙන්ම කියවන්න
by ColomboCSE Yesterday at 12:37 am

» Shares to Buy
by Cma Yesterday at 12:02 am

» Successful investment strategies require an understanding of the forces of stock market nature, and disciplined rules of portfolio management.
by Asoka Samarakone Sat Jul 31, 2021 9:12 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Niwa Sat Jul 31, 2021 8:53 pm

» Directors' Dealings today
by SAGA Sat Jul 31, 2021 6:02 pm

» CHEVRON LUBRICANTS LANKA PLC (LLUB.N0000)
by Antonym Sat Jul 31, 2021 5:37 pm

» Boga unusual Collection....
by Wickyz Fri Jul 30, 2021 1:14 pm

» MILLENNIUM HOUSING DEVELOPERS PLC (MHDL.N0000)
by jehan008 Fri Jul 30, 2021 1:11 pm

» Sri Lanka FOB prices for black tea highest in the world
by samaritan Fri Jul 30, 2021 12:18 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Fitch: Emerging Asia sovereigns positive rating momentum stalls

Fitch: Emerging Asia sovereigns positive rating momentum stalls

Go down  Message [Page 1 of 1]

Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Fitch Ratings says positive rating momentum in emerging Asia has stalled amid slower improvement in sovereign balance sheets and, for some countries, concerns over high and rising leverage in the private sector.

"In a recently published special report, Fitch says the region’s two giants, China and India - are on Negative Outlook (for China, the Local Currency ‘AA-’ rating only). Korea’s Foreign Currency rating of ‘A+’ is on Positive Outlook, alone in the region. The narrow balance of Negative Outlooks testifies to the stalling of upward rating momentum in the region, although this should be seen in the context of a run of positive actions in 2010-2011. The remaining eight emerging Asia sovereigns rated by Fitch are on Stable Outlook," the ratings agency said.

"Fitch has cut its 2012 growth forecast for emerging Asia to 6.3% from 6.9% in 2011. Despite the lower forecast, emerging Asia is projected to remain the world’s fastest-growing region. Part of the weakening reflects global pressures including a deteriorating outlook for the eurozone. Emerging Asia’s exports weakened in Q112 at a pace not seen since 2009, although the most recent data show some pick-up. However, there are also home-grown sources of weakness. All three of the region’s biggest economies - China, India and Korea - are showing the lagged effects of counter-inflationary policy tightening in 2010-2011.

"Emerging Asia is importing loose monetary conditions from the high-income economies, in particular the US, via more-or-less fixed exchange rates in many countries. Low real interest rates have spurred credit growth. Bank credit to the private sector is already back to 1997 levels relative to GDP for emerging Asia excluding China. This is largely driven by India and Korea, while leverage remains below 1997 peaks in south-east Asia. Two large Asian economies, China and Indonesia, are assigned the highest-risk ‘3’ score in Fitch’s macro-prudential risk assessment framework on the pace of credit and asset-price growth. Elsewhere, the pace of growth of private sector leverage is a risk to varying degrees for the sovereign credit profiles of Philippines ‘BB+’, Thailand ‘BBB’, and Mongolia ‘B+’.

"The sole rating action among the five-strong club of high-income Asian sovereigns was Fitch’s downgrade of Japan to ‘A+’/Negative Outlook on 22 May on risks over the outlook for the country’s public finances. Since the downgrade there is growing certainty that a law to allow Japan’s consumption tax to be raised in 2014-15 will be passed. The tax hike would help to achieve the government’s medium-term fiscal consolidation plan. However, Fitch notes the tax hike is back-dated and the agency believes there is still considerable political risk to the move," Fitch said.
http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=55577

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum