(The following statement was released by the rating agency) Aug 02 – Banks in Southeast Asia must brace for slower economic growth amid an uncertainexternal environment in 2012, Standard & Poor’s Ratings Services said in a report publishedrecently. The report, titled “Southeast Asia Banks: Staying The Course Amid Challenging External Environment,” said the region’s strong dependence on exports makes it susceptible to any external deterioration, especially the European debt crisis. …
Visit link: TEXT-S&P report:Southeast Asian banks brace for slowdown
