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State Support in Asia Pacific Conservatively Factored into SOEs' Ratings

Mar 9, 2010 1:17:50 AM - thecolombotimes.com

Fitch Ratings has commented today, in a just published report entitled "Sovereign Ownership Impact on Corporate Ratings - Asia", that whilst attention has been drawn to the issue of sovereign support due to the developments in Dubai since late 2009, the agency is comfortable with its current assessment and expectation of sovereign support when assigning Issuer Default Ratings (IDRs) for sovereign-owned entities ("SOEs") in Asia Pacific.