Fitch APAC Chart: Credit Conditions Tightening in Emerging Asia

(The following statement was released by the rating agency) Link to Fitch Ratings' Report: APAC Sovereigns Chart of the Month: September 2014 www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=783728">http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=783728 HONG KONG, September 30 (Fitch) : Higher real interest rates across many emerging markets (EM) in Asia point towards a less favourable liquidity environment for these sovereign credits, Fitch Ratings says in a report. Rate hikes have been implemented by authorities in many EM Asian sovereigns to limit the negative impact on their currencies when the US Federal Reserve completes the withdrawal of its quantitative easing. However, the tightening credit conditions highlight that growth-enhancing structural reforms would be constructive in maintaining the current growth momentum in EM Asia. The report titled "Asia-Pacific Sovereigns Chart of the Month" is available from www.fitchratings.com or by clicking on the link above. Contact: Sagarika Chandra Associate Director +852 2263 9921 Fitch Ratings (Hong Kong) Ltd. 2801, Tower Two, Lippo Centre 89 Queensway, Hong Kong Thomas Rookmaaker Director +852 2263 9891 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.