There are two things that we're still concerned about. One is the structure of public finances notwithstanding the fiscal performance in 2005 and two is the political outlook and the effect that politics might have on public finance." ()
We are a bit cautious about the two-percentage-point increase because of the risks - primarily political risks - that it might not be implemented. One thing we learned from this is that there is always a potential for delays in its implementation." ()
Those sovereigns in the midst of political turmoil also have the weakest growth rates in emerging Asia, and further downward revisions to the growth forecast may be necessary." ()
We are still comfortable. In a BB range, we do have some tolerance for political noise." ()
Asia's political backdrop has recently become less favorable for growth." ()
If the political turmoil continues, we may need to revise growth rates in countries like Thailand." ()
The good 2005 fiscal performance and 2006 fiscal outlook, together with the more settled political environment, warrant the change in outlook." ()