Bangkok--18 Aug--Standard & Poor's
Standard & Poor's Ratings Services today assigned its ASEAN regional scale ratings on the seven sovereigns listed in the table below:
Sovereign Existing global scale ASEAN Scale
local currency rating Issuer Credit Ratings
Long-term Short-term
Singapore AAA/Stable/A-1+ axAAA axA-1+
Malaysia A+/Stable/A-1 axAAA axA-1+
Thailand A-/Negative/A-2 axAA- axA-1
Philippines BB+/Stable/B axBBB+ axA-2
Indonesia BB+/Stable/B axBBB+ axA-2
Vietnam BB+/Negative/B axBBB axA-2
Cambodia B+/Stable/B axBB axB
The definitions of ASEAN regional scale issuer credit ratings are available in the "Criteria" section of Standard & Poor's public website www.standardandpoors.com.
RELATED RESEARCH
"Credit FAQ: ASEAN Regional Credit Rating Scale Explained," published May 02, 2009, on RatingsDirect.
Complete ratings information is available to RatingsDirect subscribers at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com; select your preferred country or region, then Ratings in the left navigation bar, followed by Find a Rating.
Media Contact:
David Wargin, New York (1) 212.438.1579, [email protected]
Analyst Contacts:
Elena Okorotchenko, Singapore (65) 6239-6375
Agost Benard, Singapore (65) 6239-6347
Takahira Ogawa, Singapore (65) 6239-6342
KimEng Tan, Singapore (65) 6239-6350
YeeFarn Phua, Singapore (65) 6239-6341
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