Debt watchers Standard & Poor’s (S&P) Global Ratings and Fitch Ratings warned that the Brexit’s indirect effects on trade and investment might challenge the Asia-Pacific region going forward despite the limited impact of the UK’s vote to exit the European Union at present.

“Brexit will affect both the real economy and markets in Asia-Pacific. In the near term, the real economic impact is likely to be largely neutral, but in the medium term, it may be significant if lower global economic growth depresses the region’s exports and investment activity,” S&P said in a report.

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