Notwithstanding ongoing regional integration with China, growth in Asia remains highly leveraged to external demand, and particularly the US consumer, whom we believe to be overstretched.
More Quotes from James McCormack:
This will allow the government debtGDP ratio to continue its downward trajectory, alleviating pressure on sovereign credit worthiness as debt ratios gradually compare more favorably with rating peer group medians.James McCormack
We would like public finance and development issues to be addressed by authorities, including an improvement in per capita income, before we can consider China for a ratings review and a possible upgrade.
James McCormack
The combined growth and external sector strengths allow Chinese policy makers to better address the country's structural economic challenges, and they have been taking the opportunity to do so.
James McCormack
We are still comfortable. In a BB range, we do have some tolerance for political noise.
James McCormack
It still feels like a dream. I was just ecstatic to be able to come on a tour like this and to have the opportunity to experience Super 14 rugby, which I thought had passed me by at 29 years of age.
James McCormack
We've revised our growth forecast up to 5 percent for this year, based on what we saw in the fourth quarter in terms of consumption. The strength of consumption surprised us somewhat in how robust it was.
James McCormack
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