The Hindu Business Line : S&P sees positive trends

INTERNATIONAL ratings services, Standard & Poor's on Wednesday said the "generally positive trends have become apparent in the third quarter of 2003" in Asian countries, including India.

The comments are contained in a review of Asia-Pacific sovereign credit conditions released in Singapore on Wednesday, stated a release from Standard & Poor's.

According to Credit analyst, Mr Chew Ping, Director in Asia-Pacific Sovereign Ratings, there is "an acceleration in domestic demand in China, India, Japan, Malaysia, Thailand and Taiwan together with continued growth in Australia, a general bounce back in most countries from the impact of SARS, which had slowed growth in the second quarter and potential reinforcement of growth trends in regional export-led economies, if the US recovery and Japanese growth persist." Released in the run-up to the annual IMF/World Bank meeting in Dubai next week, the report contains analysis and commentary on the 18 sovereign credits rated by Standard & Poor's.

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S&P sees positive trends

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