New York, July 26 (FinanceEnquiry.com) – Analysts at S&P CAPITAL IQ reports that banks in the world’s largest developing economies of Brazil, Russia, India and China might be under pressure in the coming 12-24 months.
In a research note published yesterday, the analysts mention that a slowdown in growth in China, Brazil and mainly in India might weaken the asset quality and earnings of banks in such countries. The situation in Russia has been slightly different. The banking industry in Russia might continue its recovery from a severe recession in 2008-2009 for a minimum of next two years.
However, the ratings on the large banks in Brazil, Russia and China has been stable which indicates its expectation that these countries will maintain their good economic resilience to a global slow down and that their banking sectors will experience only a moderate deterioration in asset quality and earnings. However, the negative outlook on the banks in India indicates the negative outlook on the sovereign rating, the analysts say.
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