to the euro area credit outlook remain material in Moody's view.
Shirai also said the main downside risks
are possible downward adjustments related to overseas economies, such as Europe's sovereign debt crisis, slowing Chinese growth and the looming US fiscal cliff.
Global growth remains modest and downside risks
are still elevated," the finance ministers and central bank governors of the Group of 20 advanced and major developing countries said in a joint statement released after their two-day meeting in Mexico City.
The retailer's risk aversion is modeled by the Value-at-Risk (VaR) approach with the downside risk
For quite sometime to come, we will have to worry about the downside risks
to the economy,'' he added.
However, if we realised a downside risk
, that would be a more significant event.
The continued negative outlook for the UK banking sector is driven by the UK's uncertain economic prospects, pressure on profitability and downside risks
for asset quality," added Elisabeth Rudman, a Moody's senior vice-president.
While there's still a lot of downside risk
in the outlook, the data still suggests that the recovery is pretty healthy, especially with the strong October jobs report.
Pioneer also performed scenario analysis to define the upside and downside risks
of the project.
The bank said that downside risks
to the global economy appeared to have abated, particularly in China, Europe and the United States.
Market sentiment in Tokyo dampened after the Fed issued a more strongly worded statement than its previous policy meeting in August and said, ''There are significant downside risks
to the economic outlook, including strains in global financial markets,'' brokers said.
The Committee perceives the upside and downside risks
to the attainment of both sustainable growth and price stability for the next few quarters to be roughly equal.