Divergent fortunes for Asia-Pac capital-goods companies: S&P

Singapore

RATING agency Standard & Poor's said in a report that capital goods companies in the Asia-Pacific could face divergent rating trends, depending on their exposure to different segments and regions.

Credit analyst Abhishek Dangra said: "Chinese and Australian capital goods companies will face continued weakness in the key segments of mining and construction machinery, while we expect Japanese players, aided by a weaker yen and higher technological capabilities, to improve their performance."