Moody’s expects rising income levels and strengthening institutions to offer support to several countries’ credit profiles in the region. Moody’s expects that the expansion of gross domestic product (GDP) in the region will remain relatively robust. Moody’s points out that authorities are formulating policies that range from those that address acute near-term challenges to those that set the stage for longer-term improvements in their countries’ credit profiles. “The capacity of governments to implement measures and the effectiveness of policies in achieving the respective governments’ objectives will shape the sovereigns’ credit profiles over the coming year,” Moody’s says. It, however, expressed concern over political risks that have now become less predictable—more unpredictable—than before.
Source: Manila Times January 11, 2017 16:40 UTC