Fitch: China Growth Risk Counters Optimism over Improving US Prospects
(The following statement was released by the rating agency) Link to Fitch Ratings' Report: APAC Risk Radar 3Q14 www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=791628">http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=791628 HONG KONG/LONDON, October 19 (Fitch) Fitch Ratings has given greater urgency to the risks associated with a further slowdown in China's economic growth in the Asia-Pacific (APAC) edition of its Risk Radar for 3Q14. The new report also highlights risks resulting from a correction in the region's real estate markets and geopolitical tension that could negatively affect ratings. The APAC risks come as the US economy continues to recover. Fitch's growth forecast for the US, the major export destination for many APAC economies, at 3.1% in 2015 is the highest amongst the major advanced economies. Stronger growth in the US and successful structural reforms in APAC would be positive to ratings. The Risk Radar report is available at www.fitchratings.com or by clicking on the link above. Contact: David Wong Senior Director +852 2263 9927 Fitch (Hong Kong) Limited 2801, Tower Two, Lippo Centre 89 Queensway Hong Kong SAR Trevor Pitman Managing Director +44 20 3530 1059 Media Relations: 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.
