The Standard and Poor’s building in New York. S&P Global Ratings, the agency with the most comprehensive sovereign coverage, has issued 23 downgrades in the six months starting in February. Photo: Reuters
The Standard and Poor’s building in New York. S&P Global Ratings, the agency with the most comprehensive sovereign coverage, has issued 23 downgrades in the six months starting in February. Photo: Reuters
Moritz Kraemer
Opinion

Opinion

Eye on Asia by Moritz Kraemer

Asian emerging markets must brace for coming wave of ratings downgrades – and debt defaults

  • Unlike in 2008, Asia has weaker balance sheets and a greater dependence on exports. With debt ratings set to slide and deglobalisation a risk, Asia must reassess its export-led economic model

Moritz Kraemer
Moritz Kraemer

Updated: 3:30pm, 11 Oct, 2020

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The Standard and Poor’s building in New York. S&P Global Ratings, the agency with the most comprehensive sovereign coverage, has issued 23 downgrades in the six months starting in February. Photo: Reuters
The Standard and Poor’s building in New York. S&P Global Ratings, the agency with the most comprehensive sovereign coverage, has issued 23 downgrades in the six months starting in February. Photo: Reuters
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