Fitch 3Q14 APAC Corporate View: China, Indonesia Property in Focus
(The following statement was released by the rating agency) Link to Fitch Ratings' Report: APAC Corporate View 3Q14 www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=778828">http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=778828 SYDNEY/SINGAPORE, September 24 (Fitch) Fitch Ratings has published its 3Q14 APAC Corporate View, highlighting the Chinese and Indonesian residential property markets as key areas for investors to watch. 2Q14 marked record cross-border issuance by Chinese corporates as spreads on both investment grade and speculative grade bonds in the Asia Pacific (APAC) fell to seven-year lows. Fitch's balance of rating actions towards downgrades remains in place, with eight downgrades and three upgrades during 2Q14, and its 12-month rolling downgrade-to-upgrade ratio in favour of downgrades at 1.8:1. This dashboard-style report provides a quarterly snapshot of APAC corporate market conditions, including bond issuance, spreads and rating migrations, and the changes in Fitch's sector forecasts, ratings and rating outlooks. The report is available at www.fitchratings.com or by clicking the link above. Contact: Matt Jamieson Head of APAC Research Corporate Ratings Group +61 2 8256 0366 Level 15, 77 King Street, Sydney NSW 2000, Australia Andrew Steel Managing Director APAC Corporate Ratings +65 6796 7231 Media Relations: Bindu Menon, Mumbai, Tel: +91 22 4000 1727, Email: bindu.menon@fitchratings.com; Leslie Tan, Singapore, Tel: +65 67 96 7234, Email: leslie.tan@fitchratings.com; Leni Vu, Sydney, Tel: +61 2 8256 0326, Email: Leni.Vu@fitchratings.com; Wai-Lun Wan, Hong Kong, Tel: +852 2263 9935, Email: wailun.wan@fitchratings.com. Additional information is available at www.fitchratings.com. ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.
