...No Impending EM-Wide Crisis: Slower GDP growth, maturing loan books, currency depreciation and capital outflows are pressuring the credit profiles of emerging market banks. However, Fitch Ratings does not expect a broad EM crisis, either in banking systems or in general. The extent of credit deterioration, and of resulting negative rating actions, is likely to be contained due to banks' significant loss-absorption capacity, positive economic growth in most EMs and available sovereign support. Questions From US Investors: These opinions were presented by the heads of Fitch's financial institutions coverage for Asia Pacific, Latin America and emerging Europe in meetings with more than 30 leading EM investors in a recent US tour across seven cities. Some of the main questions and our responses to them are covered below. In addition, we have added questions on banks in Nigeria, South Africa and the Middle East, to cover all major markets in the EM universe. China, Brazil, Turkey In Focus: The...
