(The following statement was released by the rating agency) Link to Fitch Ratings' Report: EM Asia's Debt Markets Grow, But Banks Still Hold Most Credit Risk www.fitchratings.com">www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=861884">http://www.fitchratings.com">www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=861884 HONG KONG, February 18 (Fitch) Fitch Ratings says that although Emerging Asia's (EM Asia) local-currency debt capital markets have grown since 2008, its banks continue to be the main source of funding for corporates, and they hold the majority of private-sector credit exposures. Foreign holdings of local-currency government bonds across EM Asia have risen substantially, although foreign portfolio capital is still mostly invested in equity markets. The February edition of "Asia-Pacific Sovereigns Chart of the Month" is available at www.fitchratings.com">www.fitchratings.com or by clicking on the link in this media release. Contact: Andrew Fennell Associate Director +852 2263 9925 Fitch (Hong Kong) Limited 2801, Tower Two, Lippo Centre 89 Queensway, Hong Kong Thomas Rookmaaker Director +852 2263 9891 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">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 PUBLIC WEBSITE '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 Chart: EM Asia Debt Markets Grow, But Banks Still Dominate
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