Moody’s says Asia Pacific negative credit trend moderating
Moody’s Investors Service says the negative credit trend that prevailed among Asia Pacific’s (ex-Japan) non-financial corporates over the previous year showed signs of moderating during 2Q2007, supported by an upturn in the Asian corporate portfolio, a result in turn of improved fundamentals.
“Much of the improvement was driven by telecommunications companies and corporates in Korea,” says Clara Lau, Moody’s Chief Credit Officer and author of the rating agency’s latest quarterly review for Asia Pacific.
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Clara Lau Sydney
Brian Cahill