Moody's: APAC sovereign outlook for 2018 stable

Moody

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.