Moody's: Political risk in Asia-Pacific unlikely to abate

Emerging Asian currencies have declined broadly since early November.

“For instance, political developments could interfere with the ability of governments to implement reforms and would exacerbate the negative growth impact of slower global trade and capital flow reversals,” it said. 

In the report, Moody's said the 2017 outlook for the creditworthiness of sovereigns in Asia Pacific is stable overall, reflecting a mix of credit-supportive and credit-challenging factors.