| PART TWO:
ECONOMIC AND FINANCIAL
MONITORING AND SURVEILLANCE
|
V. REVIEW OF MECHANISMS
|
Go to:
Survey 2000 contents
|
Table V.3. Ratings for three Asian countries during the crisis
Indonesia
|
Moody's
|
Standard & Poor's
|
|
Date
|
Rating
|
Change
|
Date
|
Rating
|
Change
|
|
|
25/6/97
| Baa3
| -
| 25/6/97
| BBB
| -
|
|
27/12/97
| Ba1
| -1
| 10/10/97
| BBB-
| -1
|
| 9/1/98
| B2
| -5
| 31/12/97
| BB+
| -2
|
|
|
|
| 9/1/98
| BB
| -3
|
|
|
|
| 27/1/98
| B
| -6
|
Republic of Korea
|
Moody's
|
Fitch IBCA
|
|
Date
|
Rating
|
Change
|
Date
|
Rating
|
Change
|
|
|
25/6/97
| A1
| -
| 25/6/97
| AA-
| -
|
| 27/11/97
| A3
| -2
| 11/11/97
| A+
| -1
|
| 10/12/97
| Baa2
| -4
| 26/11/97
| A
| -2
|
| 21/12/97
| Ba1
| -6
| 11/12/97
| BBB-
| -6
|
|
|
|
| 23/12/97
| B-
| -12
|
Thailand
|
Moody's
|
Standard & Poor's
|
|
Date
|
Rating
|
Change
|
Date
|
Rating
|
Change
|
|
| 25/6/97
| A3
| -
| 25/6/97
| A
| -
|
| 1/10/97
| Baa1
| -1
| 3/9/97
| A-
| -1
|
| 27/11/97
| Baa3
| -3
| 24/10/97
| BBB
| -3
|
| 21/12/97
| Ba1
| -4
| 8/1/98
| BBB-
| -4
|
Source: "Credit ratings and the East Asian financial crisis", a presentation by Frank Packer at the Workshop on Economic
Monitoring of Financial Systems in East and South-East Asia, organized by the ADB Institute and PECC Manila, 25-26 June 1998.
Note: Change is measured by the number of rating steps between the former and the new rating. A negative sign shows a
downgrading.
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