Wednesday, June 29, 2016

Fitch: Brexit Has No Direct APAC Sovereigns, Bank Ratings Impact

(The following statement was released by the rating agency)

HONG KONG/SINGAPORE, June 30 (Fitch) The UK's vote to leave the

European Union -

"Brexit" - has no immediate direct ratings impact on

Asia-Pacific (APAC)

sovereigns or banks, says Fitch Ratings.

The spike in political uncertainty in the UK - and resulting

effects on investor

risk appetite - could pose the greatest challenges for Asia in

the short term.

If protracted uncertainty has a sustained effect on investor and

consumer

confid

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