| Abstract: | Standard&Poor's Ratings Services has introduced a new credit ratings scale, known as the ASEAN regional ratings scale (ASEAN scale), for the assignment of credit ratings on issuers located in South East Asia. The new ASEAN scale complements Standard&Poor's global ratings scale. The term 'ASEAN' refers to the Association of South East Asian Nations, which was established in 1967 by Indonesia, Malaysia, Philippines, Singapore, and Thailand (and subsequently joined by Brunei Darussalam, Vietnam, Lao People's Democratic Republic, Myanmar, and Cambodia). The ASEAN scale serves issuers, counterparties, intermediaries, investors, and insurers involved in ASEAN's financial markets by providing debt credit ratings (that apply to specific debt instruments) and issuer credit ratings (that apply to obligors, such as borrowers,
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