According to the international credit rating company Moody’s, even though the property prices have surged, there is only a moderate level of risk from the asset bubbles that have developed in Asia.
According to Deborah Schuler who is the Senior Vice-President at Moody's handling the ratings in Asia, the Middle East and Africa, the steps adopted by the government to ease the market have proven to be effective. "At the moment, we think asset bubbles are confined to the property sector and it's still only a moderate risk," she said.
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