International rating agency Moody's Investors Service said on January 20, 2011, Asia will slow down economic growth, expected to be 6.4% in 2010 to 5.1%. At the same time, Asian sovereign debt rating will also be greater flexibility.
Moody's noted that in 2011 a more moderate economic growth will ease to some extent, the Asian economies, inflationary pressures, while gradually tightening monetary policy environment conducive to the normalization of the Asian currency supply and demand. In addition, large foreign exchange reserves in Asia, for possible international financial crisis, can play a very good buffer.
Moody's senior vice president and Asian sovereign credit rating analyst Tom Mu Boen said: , most Asian countries the government debt ratio is not high compared with developed economies, the Asian emerging economies dependent on external financing low, the imbalance in economic development is very limited. Moody's said that although India continues to face serious inflation pressures, but the country's economic growth in 2011 still reached 8.0 to 9.0 percent. In addition, the Indonesian economy in 2011 will continue to grow. Vice president and senior analyst at Moody's Mitra said: Casino boost the economy, the Singapore economy in 2010, the rapid double-digit growth, Moody's expects the country's economic growth will slow in 2011, and stabilized.
Moody's said that apart from Japan, most Asian countries in 2011, corporate debt rating outlook is stable. Moody's Asia Pacific director of corporate credit rating, said Clara Lau: economic environment, there will be no significant improvement in credit quality.
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