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Asia: Moody's dim on banking
July 1, 2009

The outlook for the north Asian banking industry was negative because of declining prospects for the region's economies, Moody's Investors Service said yesterday. Falling exports and slowing economies meant banks' loan quality might suffer in Asia outside Japan. "The slowdown and the consequent effect on the demand for exports … are making themselves felt on the performances of banks in north Asia," Moody's said.


"By contrast, ratings outlooks are stable." - Bloomberg
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