Bangkok--13 Jan--Fitch Ratings
Fitch Ratings-Hong Kong/Taipei/Singapore-13 January 2010: Fitch Ratings is scheduled to host a teleconference to share its non-Japan Asia (NJA) Structured Finance (SF) sector outlook for 2010 and the findings of its inaugural investor sentiments survey for NJA SF transactions on Thursday, 14 January 2010 at 15:00 HKT.
Fitch notes that the performance of NJA economies proved more resilient than their US and European counterparts during the financial crisis. According to the published macroeconomic information, the agency expects these NJA economies to regain their growth momentum from Q409 onwards. In 2010, the agency expects most of its monitored NJA SF transactions to maintain stable rating performance, mainly due to improving economic conditions and the conservative base case assumptions adopted for the initial rating assignment.
Despite the stable performance, Fitch's investor survey conducted in November 2009 shows that NJA investors remain cautious towards SF products. Some investors expect to start investing in SF products with a significant lag, while others expect richer pricing as the compensation for their investment participation.
The teleconference follows the releases of Fitch's "2010 Non-Japan Asia Structured Finance Outlook" and "Inaugural Non-Japan Asia SF Investor Survey, November 2009". Stan Ho, Senior Director, Peeyush Pallav, Director and Henry Hung, Associate Director from the agency's non-Japan Asia Structured Finance Team will join the call and outline the agency's projections for both asset and rating performance across major NJA SF asset types. The findings of the agency's investor sentiments survey will also be shared.
The agenda is as follows:
--Henry Hung, Associate Director; 2010 NJA SF Outlook;
--Peeyush Pallav, Director; NJA SF Investor Survey, November 2009.
The presentation will last for approximately 30 minutes followed by a Q&A session for interested participants.
To register for the event, please contact Maggie Tang at
[email protected] or +852 2263 9898.
Instructions: Participants should dial the listed toll-free telephone access number at least 5 minutes before start time. They will be greeted by an Operator and asked for their passcode. Participants will be placed in listen-only mode with music until the moderator or speaker starts the conference. Participants are also advised to dial the toll free lines from an IDD-enabled fixed line.
Media participants please register with Karen Cho at
[email protected] or +852 2263 9935
Dial-in details are as follows:
Thursday, 14 January, 2010
15:00 HKT
Hong Kong +852 3005 2050
Australia +1800 230 935
China +400 681 6949
India +1800 200 4244
Indonesia +0018 0365 7894
Korea +007 981 4800 6847
Malaysia +1800 802 232
Philippines +1800 1651 0443
Singapore +800 852 3576
Sri Lanka +2473173
Taiwan +00801856004
Thailand +0018 0065 6852
Participant Pin Code: 950729#
Contacts: Henry Hung, Taipei, +886 2 8175 7612/
[email protected]; Peeyush Pallav, CFA, Singapore, +65 6796 7236/
[email protected]; Stan Ho, Hong Kong, +852 2263 9668/
[email protected]; Charles Hulac, Hong Kong, +852 2263 9940/
[email protected].
Media Relations: Karen Cho, Hong Kong, Tel: +852 2263 9935, Email:
[email protected]; Shivani Sundralingam, Singapore, Tel: + 65 6796 7215, Email:
[email protected].
Additional information is available at www.fitchratings.com.