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The country’s companies ‘are in reasonably good financial shape’, despite slowing economic conditions across the Asia-Pacific region, according to S&P Global Ratings’ Parvathy Iyer.
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Private equity financial sponsors ‘take advantage’ of over-performance by paying themselves instead of repaying debt, according to a report from Standard & Poor’s.
Four companies have come under the ratings agency’s microscope as the risks in the sector increase.
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