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Will Europe's Credit Worries Spill Over to Asia?

Thursday, 20 May 2010 | 9:40 PM ET

Elena Okorotchenko, senior director at Standard & Poor's Ratings Services, says the first immediate contagion impact in Asia will be through an increase in funding costs. She tells CNBC's Karen Tso and Martin Soong, that Asian exporters are also at risk of being hurt by a wider EU slowdown.