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Credit losses set to decline for most Asia Pacific banks 01 Jun 2021, 18:55 GMT+10 Melbourne [Australia], June 1 (ANI): Credit losses are set to fall across most Asia Pacific banking systems over the next two years, SP Global Ratings said on Tuesday. This is partly because targeted assistance to stretched borrowers will likely continue in many places until pandemic-related challenges substantially abate. Asia Pacific banks should safely avoid a cliff effect even as extensive relief measures are progressively removed, said SP Global Ratings credit analyst Sharad Jain. Moratoriums on loan repayments together with fiscal, monetary and policy support have helped cushion the blow to borrowers in Asia Pacific from the Covid-19 outbreak and containment measures.

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