Asia’s Frontier Markets have great potential, but are also prone to external financing pressures. Stephen Schwartz, Head of Asia-Pacific Sovereign Ratings, moderates a discussion with Sagarika Chandra and Jeremy Zook, Associate Directors on the Sovereigns team, to discuss the ratings outlook for Sri Lanka, Pakistan and Vietnam. Sagarika explains the rationale for the recent revision of Sri Lanka’s outlook to negative, in contrast to Vietnam’s positive outlook. Jeremy discusses progress being made to strengthen Pakistan’s public and external finances, and what it would take for Pakistan’s rating to move higher.