This report discusses Standard & Poor's equity and credit outlooks for the Asia-Pacific for 2008. The recent volatility in world financial markets and the repricing of risk has demonstrated the importance of the
restructuring efforts undertaken in Asia since the Asian
crisis. These initiatives, which have included governments
improving their fiscal positions, building up foreign
reserves, addressing weaknesses within banking systems, improving transparency, and encouraging growth in foreign investment have strengthened local economies and underpinned healthier growth prospects. Asia?s economic outlook for 2008 remains strong, with the region anticipated to lead world growth.