Geopolitical risk seen for Asia-Pac
Financing costs will rise for region when US tapers monetary stimulus, adds S&P
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CHINA's competing territorial claims has increased the risk for the Asia-Pacific while the region's credit-fuelled growth will face higher financing costs when the US tapers its monetary stimulus.
Rating agency Standard & Poor's (S&P) said this in its report on the global sovereign credit outlook for 2014.
And China's slower growth will be another whammy for the region, added S&P in its global sovereign outlook released on Tuesday.
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