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Asia-pacific sovereign rating likely to remain stable despite negative outlooks, says S&P Global Ratings

Asia-Pacific sovereign rating is expected to remain stable for the foreseeable future as the number of negative outlooks for Asia-Pacific economies remains at a level not seen since the mid-2010, said S&P Global Ratings in a report

According to the report, there were around 15 sovereign ratings with a stable outlook and 5 with negative economic outlook, expect Indonesia which only poses positive outlook. It is worth noting that the recent political developments in advance countries are adding to the challenges that Asia-Pacific sovereigns face.

"Global economic performance is still weighed down by the lacklustre performances of some advanced economies," said S&P Global Rating credit analyst Kim Eng Tan in its report.

"Anti-globalization sentiments are increasing and the risk of protectionist measures is growing. This is a negative development for Asia-Pacific, which has benefited much from global trade and investment flows. The risk may rise further if upcoming elections in Europe produce more surprises," Mr Tan added.

Lastly, we foresee that if anti-trade policies become more likely or if the European Union finds further difficulties in trading in the single market, financial market volatility could return in the near future. And the resulting deterioration in financing conditions for sovereigns in this region could weaken credit metrics even before the trade impact becomes evident.

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March 28 21:00 UTC Released

KRBOK Manufacturing BSI*

Actual

78 bln $

Forecast

Previous

79 bln $

March 28 19:00 UTC Released

ARTrade Balance*

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-122 mln $

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-106 mln $

March 28 23:50 UTC 1717m

JPRetail Sales YY

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0.5 %

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1.0 %

March 29 06:00 UTC 387387m

DEImport Prices YY

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7.0 %

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6.0 %

March 29 06:00 UTC 387387m

DEImport Prices MM

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0.3 %

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0.9 %

March 29 06:45 UTC 432432m

FRConsumer Confidence

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100 bln $

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100 bln $

March 29 08:00 UTC 507507m

ITWage Inflation MM*

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Forecast

Previous

March 29 08:00 UTC 507507m

ITWage Inflation YY*

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Forecast

Previous

March 29 08:00 UTC 507507m

ITConsumer Confidence

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Forecast

Previous

106.6 %

March 29 08:00 UTC 507507m

ITMfg Business Confidence

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Forecast

Previous

106.3 %

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