SINGAPORE: Moody's Investors Service says that a favourable growth environment underpins its stable outlook for sovereign creditworthiness in Asia Pacific (APAC) over the next 12 to 18 months, although high leverage remains a key credit constraint.
"Robust economic strength in the region and high levels of trade openness leave the region's sovereigns well-positioned to benefit from stronger global GDP growth," Moody's assistant vice president and analyst Anushka Shah said in a statement on Wednesday.
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