Moody's: Asia banks view stable

Moody's Investors Service said it said the outlook for Asia's banks remains stable, while the industry outlook is increasingly negative.

The ratings reflect the agency's confidence that the region's banks can deliver performance consistent with their current ratings. Although in the short-term, banks dependent on cross-border capital markets and money markets will remain under the highest stress, Moody's said.

The outlook for insurance in Asia Pacific includes increased business opportunities, the agency added, but there also may be greater risk as many of the new markets are still in their infancy.

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