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Fitch Publishes 4Q14 APAC Corporate Research Compendium "Viewpoint"

(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Viewpoint 4Q14: APAC Corporates www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=855548">http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=855548 SYDNEY/SINGAPORE, January 14 (Fitch) Fitch Ratings has published a compendium of 42 thematic research pieces written by our corporate analysts in the Asia-Pacific (APAC) during 4Q14. "Viewpoint: APAC Corporates" is a quarterly compilation of thematic research from our corporate analysts in APAC. It provides a single-source summary of all non-rating action commentary for investors interested in the current themes and market activity surrounding rated entities in APAC. China accounted for about half of the research in the latest compendium, with views and discussions on the internationalisation of the yuan, bankruptcy proceedings, falling oil prices, the slowing pace of fixed-asset investment and the related impact on various sectors, including homebuilding, aluminum, steel, building contractors and REITs. In India and Indonesia, topics include infrastructure pipeline delays, the impact of weak commodity prices and fuel subsidy cuts, and the potential for an increase in offshore issuances in 2015. In the TMT sector we commented that smartphones will end up being commoditised like PCs over the medium term, and hence margins will be under pressure. Further afield, topics ranged from the refinancing ability of Thai REITs to the impact of falling tourist numbers on Singapore casinos, and from the Korean state-owned entities' progress on debt reduction to the negative impact of regulatory announcements on the Australian electricity network Corporates in APAC continue to expand and develop rapidly, presenting both challenges and opportunities for investors and ratings agencies. Staying on top of market developments is integral to Fitch's goal of becoming the leading agency for insightful opinions in the region, and around the globe. "Viewpoint 4Q14: APAC Corporates" is available from www.fitchresearch.com or by clicking on the link in this media release. Contact: Matt Jamieson Head of APAC Research +61 2 8256 0366 Fitch Australia Pty Ltd. Level 15, 77 King Street Sydney NSW 2000 Andrew Steel Regional Managing Director Head of Asia Pacific Corporate Ratings Group +65 6796 7231 Media Relations: Iselle Gonzalez, Sydney, Tel: +61 2 8256 0326, Email: iselle.gonzalez@fitchratings.com; Bindu Menon, Mumbai, Tel: +91 22 4000 1727, Email: bindu.menon@fitchratings.com; Leslie Tan, Singapore, Tel: +65 67 96 7234, Email: leslie.tan@fitchratings.com; Wai-Lun Wan, Hong Kong, Tel: +852 2263 9935, Email: wailun.wan@fitchratings.com. Additional information is available on 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 FREE WEB SITE AT 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. Fitch Australia Pty Ltd holds an Australian financial services licence (AFS licence no. 337123) which authorises it to provide credit ratings to wholesale clients only. Credit ratings information published by Fitch is not intended to be used by persons who are retail clients within the meaning of the Corporations Act 2001.