7/6/2010

Moody's Investors Service said the European sovereign-debt crisis and the possibility of more nonperforming loans in some nations likely will not significantly hurt Asian banks. "Primarily what lies ahead for [Asian banks] is growth returning to trend in the region," said Deborah Schuler, an executive at Moody's in Singapore. "With the exception of Japan, Mongolia, Vietnam and Cambodia, the banking-system outlook we maintain for countries in Asia is stable, having moved from negative in January."

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