James Mccormack Quotes

You don't see much opposition to her policy initiatives. I think it's more of a power struggle than a policy struggle. - James McCormack

While the e-VAT and the impeachment issue have both been resolved favorably in recent days, we are maintaining our negative outlook on the Philippines' ratings. - James McCormack

When you've got credit growth that already exceeds (gross domestic product growth), that's a lot of new credit. - James McCormack

What would be under consideration is what to do with the negative outlook - whether to revert that back to stable, or to retain the negative outlook, or to downgrade the credit. But upgrading (the rating) from a negative outlook is not something that happens very frequently, and I don't expect that would happen in the case of the Philippines. - James McCormack

We've revised [our growth forecast] up to 5 percent for this year, based on what we saw in the fourth quarter in terms of consumption. The strength of consumption surprised us somewhat in how robust it was. - James McCormack

We would like public finance and development issues to be addressed by authorities, including an improvement in per capita income, before we can consider China for a ratings review and a possible upgrade. - James McCormack

We were always skeptical about how fast consumer recovery (would) be. It had been pretty slow. This year, we've revised our growth forecast for the Korean economy to 5 percent based on strong fourth-quarter numbers that we saw, particularly in consumption. The export sector still looks positive. - James McCormack

We are still comfortable. In a BB range, we do have some tolerance for political noise. - James McCormack

We are starting to see maybe a turning in the housing market in the US. And if the US consumer retracts a little, we would expect to slow down in the US in the second half of the year. That translates into a slowdown in Asia as well. - James McCormack

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