Fitch, Asian trees and European woods (updated)

Despite what Fitch says, Asian corporates are affected by the eurozone crisis. Fitch sees tall trees, but misses the forest.
Fitch, Asian trees and European woods (updated)

Fitch Ratings made a bold and bullish splash last week claiming the average Asian company will hardly be affected by the eurozone crisis. This stems from an analysis done on 192 non-financial corporates headquartered in Asia-Pacific with more than over 10% of revenue coming from the European Union in the last four years.

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