The ratings agency with a positive outlook on the Asia Pacific region
- APAC sovereign outlook for 2018 stable as favorable growth balances high leverage
- Economic strength in AAPAC, and high levels of trade openness leave its sovereigns well-positioned to benefit from stronger global GDP growth
- Moody's expects APAC emerging markets to grow by 6.5% in 2018, frontier economies by 5.9% and advanced economies by 1.8%.
- India and China remain the fastest growth economies in the APAC region
- Gradual moderation in China growth and temporary slowdown in India will be balanced by robust growth trends in other Asian economies
Continues to assume that probability of conflict is low in APAC, albeit with high credit impact, mainly for Korea but also for Vietnam, Japan