Fitch also said other geopolitical hotspots it was monitoring include frictions between South Korea and Japan, tensions in cross-strait ties between mainland China and Taiwan, and territorial disputes between India and Pakistan.
KUALA LUMPUR: The balance of risks for Asia Pacific sovereign credit profiles has shifted towards weaker global growth and away from global financial conditions, Fitch Ratings says.
In its report issued on Tuesday, it said 19 of its 20 sovereign ratings in the region are on Stable or Positive Outlooks, reflecting the cushion provided by strong fiscal and external buffers and shock-absorbers from flexible policy frameworks.
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