Tag: standard and poors

Yu-Tsung Chang, head of Asia-Pacific ratings at Standard and Poor’s, talks about the role of rating agencies in Asia’s credit markets. Reducing China's exposure to foreign currencies by increasing the use of the renminbi could limit the risks for Chinese traders, investors, and financial institutions, but ... The ratings agency predicts that the problems facing Chinese banks this year will not be big enough to result in ratings downgrades. Asian policymakers have built up protective foreign exchange reserves to ensure history doesn’t repeat itself. Sovereigns have remained resilient during the financial crisis, but increasing risks are testing policymakers, says Standard and Poor's. Standard and Poor's forecasts a difficult year for many Chinese real estate developers, but says most companies it rates look relatively strong.