Asia’s banks in good health (for now), says S&P

A Standard & Poor’s report says Asia’s banking outlook is stable, despite broad challenges.

Asia’s banks in good health (for now), says S&P

Asia’s banking industry has weathered the financial crisis in good shape, so far, according to an industry report card published by Standard Poor’s this week.

The rating agency has a stable outlook on 37 of the region’s 40 biggest banks and a positive outlook on the other three a much healthier situation than in the US, where a third of banks are on negative watch. But Asia’s banks are also facing challenges of their...

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