...Increase in Negative Outlooks: Non-financial corporates in Asia-Pacific (APAC) with negative rating outlooks had edged up to 11% by end-2015 from 8% at end-2014, based on Fitch Ratings' publicly rated international portfolio of 302 corporates. Market sectors in APAC with negative sector outlooks increased more dramatically ¡ to 42% from 18%. 15 Negative Sector Outlooks: Our 36 APAC sector outlook reports detail both the outlook for each market sector (20 stable; 15 negative; one positive), and the outlook for our universe of rated entities within each sector (33 stable; three negative). The reason for only three negative rating outlooks, compared with 15 negative sector outlooks, is due to our rated universe typically comprising the financially stronger entities within each sector, with the ratings already taking into account many of the foreseeable downside risks. Negative on Oil & Gas: Oil and gas prices will remain under pressure in 2016, restraining the profitability and production...
