TRIS Rating Holds Seminar for Clients - New Rating Initiatives Announced; The Outlook for the International Credit Ratings of Thailand and other countries in the Region Discussed
TRIS Rating Co., Ltd. today held a seminar for its clients and financial advisors to discuss local and regional rating outlooks from an international perspective. New initiatives by the rating agency were also announced at the seminar by Dr. Warapatr Todhanakasem, President of TRIS Rating; details were announced in a separate press release today.
Addressing the seminar, Mr. Nicholas Krasno, Technical Advisor to TRIS Rating and former Senior Vice President of Moody's Investors Service, New York, in reviewing the international credit rating agencies' views of economic recovery in the region, noted the strong progress countries such as Thailand had made in restoring fiscal balances and investor confidence. Prompt action by governments at the time of the financial crisis, assisted by low interest rates world-wide and strong trade flows in the region, had provided the basis for a rebuilding of financial strength that was much faster than international analysts had expected. He noted that the pace of institutional reform, however, had been somewhat slower, and that this was limiting the pace of restoration of most countries' credit strength in the views of the international agencies. One principal area of vulnerability, in their view, continued to be the financial sector, particularly its asset quality hampered by high impaired loans that were vulnerable to increasing interest rates or the possibility of falling demand. Nevertheless, Mr. Krasno expressed the view that most local economies in the region were less exposed than commonly thought to the prospect of rising US interest rates, while the prospect of a slowdown of growth in China would have only a limited impact through the region. International investors continue to show great interest in Asia and other selected emerging markets, said Mr. Krasno, as the long period of low global interest rates continues and economic conditions in the region now appear to be firm on the recovery path.
Dr. Warapatr Todhanakasem, President of TRIS Rating, said that Mr. Krasno has been in Thailand for one month as a technical advisor to TRIS Rating.
TRIS Rating Co. Ltd., based in Bangkok, Thailand, is the leading domestic rating agency and has ten years of experience in the credit rating business. It has provided independent credit ratings for almost 200 financial and commercial companies in Thailand with accumulated value of rated debentures of more than Bt500 billion-- End
TRIS Rating Co., Ltd. today held a seminar for its clients and financial advisors to discuss local and regional rating outlooks from an international perspective. New initiatives by the rating agency were also announced at the seminar by Dr. Warapatr Todhanakasem, President of TRIS Rating; details were announced in a separate press release today.
Addressing the seminar, Mr. Nicholas Krasno, Technical Advisor to TRIS Rating and former Senior Vice President of Moody's Investors Service, New York, in reviewing the international credit rating agencies' views of economic recovery in the region, noted the strong progress countries such as Thailand had made in restoring fiscal balances and investor confidence. Prompt action by governments at the time of the financial crisis, assisted by low interest rates world-wide and strong trade flows in the region, had provided the basis for a rebuilding of financial strength that was much faster than international analysts had expected. He noted that the pace of institutional reform, however, had been somewhat slower, and that this was limiting the pace of restoration of most countries' credit strength in the views of the international agencies. One principal area of vulnerability, in their view, continued to be the financial sector, particularly its asset quality hampered by high impaired loans that were vulnerable to increasing interest rates or the possibility of falling demand. Nevertheless, Mr. Krasno expressed the view that most local economies in the region were less exposed than commonly thought to the prospect of rising US interest rates, while the prospect of a slowdown of growth in China would have only a limited impact through the region. International investors continue to show great interest in Asia and other selected emerging markets, said Mr. Krasno, as the long period of low global interest rates continues and economic conditions in the region now appear to be firm on the recovery path.
Dr. Warapatr Todhanakasem, President of TRIS Rating, said that Mr. Krasno has been in Thailand for one month as a technical advisor to TRIS Rating.
TRIS Rating Co. Ltd., based in Bangkok, Thailand, is the leading domestic rating agency and has ten years of experience in the credit rating business. It has provided independent credit ratings for almost 200 financial and commercial companies in Thailand with accumulated value of rated debentures of more than Bt500 billion-- End