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In the second part of our interview with S&P''s global head of sovereign rating, David Beers discusses Malaysia, Taiwan, Indonesia, Japan and Singapore.

There seems to be a consensus among the fixed income research community that Asia has had a lot of upgrades recently and next year will see fewer. Is that your sense

We gave an investor seminar yesterday and said exactly the same thing.

The one sovereign credit where some thought there would an upgrade was Malaysia.

That theme is largely driven by momentum trading in the market place. One always has to discount - as an outsider - what people...

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