Ping Chew
Ping Chew
economy environment external fiscal policy position ratings reflect robust strong
The ratings reflect Taiwan's strong external position and robust economy in a challenging policy environment in which fiscal flexibility has weakened.
burden cause debt fiscal further ratings rise taiwan
The ratings on Taiwan could be lowered if further fiscal slippages cause the debt burden to rise markedly.
brings company credit emergence financial groups holding key latest major rating report services since thinking together
This report brings together our latest thinking on the key developments and credit outlooks of the major financial services sectors in Taiwan. This report also addresses the rating implications of the emergence of financial holding company (FHC) groups since late 2001.
add appreciation definitely further
This will definitely add to pressure, especially from lawmakers in the U.S. for further appreciation of the yuan.
factors global impact oil prices
The pass-through impact of the global oil prices is just one of the factors from the long-term perspective.
banks decide difficult government quite role
The government has to decide what their role is. Are they going to be shareholders of the banks or are they going to be regulators? It is quite difficult to be both.
bad chances future loans ratings reforms
If the reforms become entrenched and future bad loans are reduced, then there are chances of the government's ratings being upgraded.
china invest money
If you look at what most other money going into China is earning, it is not that inefficient. If you don't invest in U.S. bonds, what do you invest in?
ability financial india investment poorest position
India has the poorest financial position but it has the ability to consolidate and be investment grade.
achieve continued economy fiscal further grade help india investment reforms trend
Further liberalization of the economy and infrastructure improvements will help India's trend growth. Such reforms coupled with continued fiscal consolidation will help India achieve investment grade over time.
budget commitment deficit dole fiscal giving india misses plan resolve spending target worry
There is always this worry that such a spending plan will widen the budget deficit. If India misses the deficit target again, it could dilute its commitment to fiscal consolidation. Giving dole doesn't resolve poverty.
fall growth inflation next okay three underlying
Underlying growth is still okay at around 4%-5%, but what is important is that inflation does fall in the next two to three months.
government question whether
The question is not whether the government can consolidate. The question is shouldn't the government consolidate faster?
burden considered debt keeps rating revenue upgrade
A rating upgrade can be considered only if the debt burden keeps reducing, not just through revenue growth, but also through expenditure improvement.