MELBOURNE: Potentially higher interest rates as well as volatile domestic currencies, bond markets, and property prices, would make financing conditions more difficult for Asia-Pacific financial institutions in 2019, according to S&P Global Ratings.
“High debt levels and lofty asset prices have evolved during what has been an extraordinarily long economic and credit cycle across much of Asia Pacific,” S&P Global Ratings’ credit analyst Gavin Gunning said in a statement yesterday.
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