Moody's: China has adequate fiscal headroom to absorb local government contingent liabilities
Jun 12, 2015 03:43 am UTC| Research & Analysis
Moodys Investors Service says that while higher levels of local government off-budget investment financing pose a challenge to the Government of Chinas (Aa3 stable) fiscal position, such debt levels are relatively moderate...
Jun 12, 2015 03:23 am UTC| Research & Analysis
Moodys Investors Service says that its stable outlook on Chinas banking system reflects the recent policy developments in the country. "On balance, the developments in monetary policy, financial supervision and market...
Moody's: China has made substantial progress on reform and rebalancing
Jun 12, 2015 01:42 am UTC| Research & Analysis
Moodys Investors Service says that China has made substantial progress on reforming and rebalancing its economy, since the government committed to deep reforms during the third plenary session of the 18th Central Committee...
Moody's: Global spec-grade corporate default rate rises to 2.4% in May
Jun 11, 2015 12:56 pm UTC| Research & Analysis
Moodys trailing 12-month global speculative-grade default rate closed at 2.4% in May 2015, up from Aprils rate of 2.2%. The latest reading matched exactly the rating agencys year-ago prediction. Moodys default rate...
Fitch: More European MMFs Acquire Chinese Bank Exposure
Jun 11, 2015 12:21 pm UTC| Research & Analysis
The number of European money market funds (MMFs) with exposure to Chinese banks has doubled in the last two years, driven by their search for yield and falling short-term issuance from western banks while offshore issuance...
Moody's: Croatia most exposed to euro depreciation; limited impact on the UK and Switzerland
Jun 11, 2015 09:52 am UTC| Research & Analysis
The depreciation of the euro against other currencies is affecting the creditworthiness of some issuers in the rest of Europe, with Croatia-based issuers the most vulnerable to the currency trend and those based in the UK...
Moody's: Limited contagion from Greece shackles euro area financial fragmentation
Jun 11, 2015 07:10 am UTC| Research & Analysis
Rising Greek government bond yields, increased deposit outflows from the countrys banks and wider liabilities in the national central banks transfer system driven by capital flight from Greece fuelled a rise in...
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