Bangkok--16 Sep--Moody's Moody's Investors Service says that since early 2008 the outlooks for some of the key asset classes in the Asia Pacific structured finance market have moved to negative due to individual factors -- such as higher delinquencies -- as well as a change in its number of outlook categories in Asia. Specifically, the outlook for Japan credit card (cash advance) ABS has moved to stable from stable/negative; Japan real estate-backed SME Loan ABS, Japan consumer finance loan ABS and Japan SME CDO to negative from stable/negative; Japan CMBS to negative from stable; and Australian RMBS to negative from stable/negative. Moody's issued the outlooks in a just-released report, entitled, "Asia Pacific Structured Finance Recap: Summary of Outlooks for the next 12-18 Months Across Asset Classes." The report's sector outlooks -- as in expected asset/collateral performances -- will be updated semi-annually. The report also addresses expected rating implications for each sector. It is important to note that on this occasion, Moody's Asia has moved to a scale of three outlooks -- that is positive, stable and negative -- as distinct from the previous scale of five, or positive, stable and negative as well as positive/stable and stable/negative. With the Japanese asset classes, factors for negative outlooks included increased delinquencies, difficulties with refinancing and deteriorations in pool performance. Similarly with Australian RMBS, there was a continuation in the long-term upward trend in delinquencies although loss levels remained low. In the case of those asset classes which retained their stable outlooks, with Australia ABS, default and delinquency rates continued to trend below Moody's expectations, while with Korea RMBS, LTV ratios and NPLs were low, the report says. In the case of Singapore CMBS, with support from fundamentals, a stable performance is anticipated in the retail, office and industrial sectors. This report represents part of Moody's practice -- globally as well as within specific jurisdictions -- of enhancing consistency across ratings groups and the transparency of the ratings process. The just-released report can be accessed at www.moodys.com NOTE TO JOURNALISTS ONLY: For more information please contact New York Press Information +1-212-553-0376; EMEA Press Information in London +44-20-7772-5456; Juan Pablo Soriano in Madrid +34-91-310-1454; Alex Cataldo in Milan +39-02-914-81-100; Eric de Bodard in Paris +331-5330-1076; Detlef Scholz in Frankfurt +49-69-707-30-700; Mardig Haladjian in Limassol +357-25-586-586; Alex Sazhin in Moscow +7495-641-1881; Petr Vins in Prague +4202 2422 2929; Tokyo Press Information +813-5408-4110; Hilary Parkes in Toronto +1-416-214-1635; Hong Kong Press Information +852-2916-1150; Hector Lim in Sydney +612 9270 8102; Luiz Tess in S?o Paulo +5511-3043-7300; Alberto Jones Tamayo in Mexico City +5255-1253-5700; Daniel R?as in Buenos Aires +54 11-4816-2332 ext. 105; Craig Jamieson in Johannesburg +27-11-217-5470; Jehad el-Nakla in Dubai +971 4 401 9536; or visit our web site at www.moodys.com