Moody's: Global mortgage constant prepayment rates will remain steady
Jun 15, 2015 15:37 pm UTC| Research & Analysis
Constant prepayment rates (CPRs) will remain steady in residential mortgage-backed securities (RMBS) globally for several region-specific reasons, supporting ongoing stable collateral performance in RMBS throughout the...
Jun 15, 2015 13:39 pm UTC| Research & Analysis
Cash at US non-financial investment-grade firms continued to climb in 2014, while at US non-financial speculative-grade companies it fell, Moodys Investors Service says in a new report. For the fifth consecutive year...
Moody's: Kookmin's covered bond programme highlights new funding option for Korean banks
Jun 15, 2015 03:54 am UTC| Research & Analysis
Moodys Investors Service says that Kookmin Banks (LT rating A1/Senior unsecured rating A1/Outlook stable/bca baa1) launch on 12 June 2015 of Koreas first covered bond programme under the covered bond law effective April...
Jun 15, 2015 00:44 am UTC| Research & Analysis
In a round table discussion, Moodys Investors Service found that the European securitisation markets regulatory capital costs is a barrier to demand, in addition to a lack of liquidity.In a new report published today, the...
Fitch: Difficult Operating and Market Conditions in Latin America
Jun 12, 2015 19:19 pm UTC| Research & Analysis
Fitch Ratings expects operating cash flows in Latin America will not recover in 2015 and that issuers credit quality will remain under stress. External conditions remain difficult for most of the regions commodities, and...
Fitch: Brazilian Tax Incentives Imperil State Budget Planning
Jun 12, 2015 15:15 pm UTC| Research & Analysis
Tax incentives are making Brazilian state budgets difficult to manage. They are not transparent and could be as high as 30% of some states annual revenues. The incentives have also led to lawsuits with sizable settlements....
Fitch: EMEA Financials' Issuance Falls as Support Revision-Related Downgrades Hit
Jun 12, 2015 12:19 pm UTC| Research & Analysis
Fitch Ratings says EMEA financial-sector issuance continued its downward trend, falling 7% yoy in 5M15, although junior bond sales remain strong, if broadly unchanged from last years level. Spreads remain close to the lows...
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