The overall net rating outlook bias is largely flat at positive 1.5% in August 2019 from +1.4% in May 2019 (see chart 1 and table 1). There is a slight improvement in Australian banks' credit profiles and favorable momentum in some government credit profiles that helped raise the bias ratio for financial services and governments to +12% from +8%. However, nonfinancial corporate...
READChinese steel mills are relocating to reduce urban pollution and improve industrial clustering. S&P Global Ratings anticipates the process will help streamline the industry and boost efficiency. The cost of moving house could put strain on some steel companies' financials, however this should further the consolidation trend in the country's steel sector. Led by China's top stee...
READIndonesian President Joko Widodo’s "winter is coming" quote aptly characterizes the trend in Asia-Pacific credit conditions going into 2019. At the International Monetary Fund's meeting in Bali, October 2018, President Widodo highlighted that the continuing U.S.-China trade dispute and technology disruption on many industries are among the many issues plaguing the world. Likewi...
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