TEXT-Fitch: Stable outlook for Asian Autos in 2011

Newswire

(The following statement was released by the ratings agency) Dec 20 - Fitch Ratings expects the outlook of the Asian automotive industry to be stable in 2011 as the credit profiles of Asian automakers continue to strengthen gradually, coupled with global auto demand recovering at a modest pace. "Emerging markets are expected to continue to drive growth in auto demand, although the growth rate is likely to slow from the high levels of the last few years," says Jeong Min Pak, Senior ...

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