Fitch APAC Chart: Lower Oil Prices Constructive for APAC
(The following statement was released by the rating agency) Link to Fitch Ratings' Report: APAC Sovereigns Chart of the Month - October 2014 www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=798408">http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=798408 HONG KONG, October 23 (Fitch) Fitch Ratings says the recent fall in oil prices may ease the pressure on some Emerging Asian economies with high oil import bills and external adjustment challenges, including India and Indonesia. Prices of oil (Brent Crude) are down 22% year-to-date, the sharpest drop since 2009. However, the impact on sovereign credit profiles will depend on how authorities respond - for example, whether any budgetary windfalls from lower subsidy bills are saved or spent. A more detailed analysis is available in the October edition of "Asia-Pacific Sovereigns Chart of the Month", which is available at www.fitchratings.com or by clicking on the link above. Contact: Andrew Colquhoun Head of Asia-Pacific Sovereigns +852 2263 9891 Fitch Ratings (Hong Kong) Ltd., 2801, Tower Two, Lippo Centre 89 Queensway, Hong Kong Sagarika Chandra Associate Director +852 2263 9921 Media Relations: Leslie Tan, Singapore, Tel: +65 67 96 7234, Email: leslie.tan@fitchratings.com; Leni Vu, Sydney, Tel: +61 2 8256 0326, Email: Leni.Vu@fitchratings.com; Wai-Lun Wan, Hong Kong, Tel: +852 2263 9935, Email: wailun.wan@fitchratings.com. Additional information is available at www.fitchratings.com. ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.
