Credit outlook in Asia Pacific stable, says Moody's

KUALA LUMPUR: The credit outlook in Asia Pacific is stable although regional economic growth is constrained by the slowdown in China's expansion, rising interest rates, and lacklustre growth in advanced countries.

According to Moody's Investors Service, all eyes will be on whether the new governments in India (Baa3 stable) and Indonesia (Baa3 stable) will take policy steps to further address the vulnerabilities that drove negative market sentiment. The market sentiment then was impacted by the US Federal Reserve's move toward a monetary stimulus exit last year, the ratings agency said on Tuesday.