There remains a high degree of uncertainty about the evolution of coronavirus pandemic and its economic effects. Banking systems in emerging markets face deterioration in asset quality: S&P ANI | Updated: Jan 20, 2021 11:30 IST Singapore, January 20 (ANI): Banking systems in emerging markets face the expected deterioration in asset quality indicators as regulatory forbearance measures are lifted while vaccine rollouts in several countries continue, S&P Global Ratings said on Wednesday. It said there remains a high degree of uncertainty about the evolution of coronavirus pandemic and its economic effects. Widespread immunisation, which certain countries might achieve by mid-year, will help pave the way for a return to more normal levels of social and economic activity.