India has the poorest financial position but it has the ability to consolidate and be investment grade.
More Quotes from Ping Chew:
This will definitely add to pressure, especially from lawmakers in the U. S. for further appreciation of the yuan.Ping Chew
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.
Ping Chew
The fiscal position has to improve not just from the revenue front but also the expenditure side. At present, India's expenditure remains rigid, with spending on interest, salaries and pension limiting ability to spend on other critical areas.
Ping Chew
A rating upgrade can be considered only if the debt burden keeps reducing, not just through revenue growth, but also through expenditure improvement.
Ping Chew
Most banking systems in the Asia-Pacific region have improved their credit profiles, thanks to stable economic conditions and continuing structural improvements. This is in spite of rising oil prices and interest rates threatening the broader economic recovery.
Ping Chew
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
Ping Chew
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