Political Issues Weigh On Creditworthiness

Since our latest Sovereign Risk Ratings update for Asia, we observe a slight deterioration in the fiscal positions of a number of countries, which has helped reduce the regional average score to 63.6, from 64.0 previously. A less bullish stance towards foreign exchange markets in the near term and political issues both in the Middle East and domestically will place downward pressure on creditworthiness of countries such as China, the Philippines and Pakistan.

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