model combined with credit analysts’ overlay Asia-Pacific E S G Country A Weak Moderate Moderate Country B Moderate Moderate Strong Country C Strong Weak Weak Country D Moderate Strong Strong Country E
government’s investment projects. Nonetheless, small business and retail loans may see only limited growth amid a feeble recovery in purchasing power. Close attention should be paid to competition in the market
outlook, any global economic recovery is expected to be feeble while close attention should be paid to several variables including the outbreak of the COVID-19, the Mid-east conflict and the US Presidential