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Financial Outlook
July 11, 2007

Moody's: Stable to positive for banking
Moody's Investors Service has maintained stable to positive outlooks for the 16 banking systems which it rates in Asia Pacific.

"Overall, the sector's financial fundamentals continue to improve with earnings at good levels, asset quality steady and capital bases enhanced," said its Asia Pacific team managing director Jerry Chien.

"In fact, the last few years have seen strong earnings in most banking systems throughout the region, and there is no reason to doubt that 2007 will be any different," he said in a statement on July 11.

Moody's senior vice president and regional credit officer, Deborah Schuler, said that ongoing robust gross domestic product growth provided a highly sympathetic operating environment.

"At the same time, reform and restructuring in areas such as risk management, governance and transparency continue, although at varying speeds and with different result," she said. Bernama

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