A worsening in property-sector stress is the key risk stalking the Asia-Pacific financial institutions sector in 2024. "Asia-Pacific banks are managing property sector risks and the vast majority have stable rating outlooks," said S&P Global Ratings credit analyst, Gavin Gunning. "We see limited upside ratings potential, given persistent property sector risks, higher-for-longer interest rates and weaker economic growth. More so, if downside risks emerge in property or other areas, it could be tougher for banks to maintain outlooks at current levels." Click here to view our full article.