Moody's warns of less stable ratings in Asia
The number of Asian corporate ratings with a negative outlook has increased sharply in the fourth quarter, the ratings agency says.
Strong economic growth and the large liquidity pool have so far been able to uphold the generally positive credit fundamentals in Asia, even as the subprime-triggered credit turmoil has wreaked havoc in the rest of the world. But in a new report, MoodyÆs Investors Service warns that signs of a possible disruption to the relative stability of Asian corporates have started to emerge in the fourth quarter.
ôHeading into 2008, the positive effects of the regionÆs robust economic performance could...
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