Fitch: US Home Equity Loan Asset Quality Showing Resilience
Jun 24, 2015 18:24 pm UTC| Research & Analysis
The threat of worsening home equity delinquencies among US banks is being mitigated by improving home prices and relatively steady economic conditions, says Fitch Ratings. An expected uptick in home equity line of credit...
Moody's: Annual state debt medians in U.S. experience first decline in nearly three decades
Jun 24, 2015 13:52 pm UTC| Research & Analysis
For first time in 28 years, the 50 states median net tax-supported debt (NTSD) declined in 2014, Moodys Investors Service says in its annual state debt medians report. In 2014, the states median net tax-supported debt...
Fitch: Taiwanese Banks' Offshore Strategies Increase Risks
Jun 24, 2015 01:04 am UTC| Research & Analysis
The ratings impact of Taiwanese banks continued expansion of offshore presence in Asia, particularly in higher-risk emerging markets, has been limited so far, but more aggressive risk-taking and acquisitions will put...
Moody's: Credit impact of rising rates will be mixed for US structured finance sectors
Jun 23, 2015 16:20 pm UTC| Research & Analysis
Rising short-term interest rates in the US will have varied credit effects on new and existing mortgage-backed, asset-backed and other securitizations, according to Moodys Investors Service. In the report "Rising US Rates...
Moody's: Outlook for Indonesia's banking system remains stable
Jun 23, 2015 06:54 am UTC| Research & Analysis
Moodys Investors Service says the outlook on Indonesias (Baa3 stable) banking system remains stable, reflecting an expectation that the countrys banks will withstand a challenging operating environment owing to their...
Moody's: Outlook for the US building materials industry remains positive
Jun 22, 2015 14:46 pm UTC| Research & Analysis
The outlook for the US building materials industry remains positive, Moodys Investors Service says in a new report. Volumes and pricing are improving, underlying demand is strong and economic indicators are...
Moody's: Russian steelmakers' robust credit profiles provide bulwark against recession
Jun 22, 2015 12:51 pm UTC| Research & Analysis
Russian steelmakers improved credit profiles will help them withstand recession in 2015 and stagnation in 2016 that will hit demand in the countrys construction industry, the biggest domestic buyer of their steel, says...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects