Moody's downgrades Greek banks' deposit ratings to Caa3; negative outlooks
Apr 30, 2015 16:13 pm UTC| Research & Analysis
Moodys Investors Service has today downgraded to Caa3 from Caa2 the long-term deposit and senior debt ratings of three Greek banks: Piraeus Bank S.A., National Bank of Greece S.A., Alpha Bank AE. At the same time, the...
Fitch: Most Russian Banks Don't Need FX Forbearance
Apr 30, 2015 16:11 pm UTC| Research & Analysis
Only five of Russias 100 largest banks might struggle to meet capital adequacy ratios if exchange-rate forbearance was withdrawn today, says Fitch Ratings. The bulk of forbearance measures introduced by the Central Bank of...
Fitch Report: Mexican Bond Funds with the Highest Performance
Apr 30, 2015 15:54 pm UTC| Research & Analysis
Fitch Ratings special report Bond Funds with the Highest Performance, identifies bond investment funds (BIFs) with the highest three-year compound annual return (3y-CAR) at the end of December 2014, based on a comparison...
Apr 30, 2015 13:20 pm UTC| Research & Analysis
If Greece (Caa2 negative) were to exit the euro, Greek covered bonds applicable law would protect investors insofar as they are still likely to receive payments in euros, says Moodys Investors Service. However, in the...
Fitch: EU Bank Bail-In Rules May Change Short-Term Investor Behaviour
Apr 30, 2015 12:44 pm UTC| Research & Analysis
EU bank short-term (ST) debt is as vulnerable to bail-in as long-term debt in the event of bank resolution, says Fitch Ratings. This could lead to ST investors changing their behaviour, preferring exposure to EU operating...
Moody's: Impact of Greek exit from euro area should not be underestimated
Apr 30, 2015 09:22 am UTC| Research & Analysis
The direct economic and financial impact of a Greek exit from the euro area would be small, but an exit would undermine the euro areas longer-term resilience somewhat and could yet trigger a more immediate confidence...
Fitch: No Impact on Japanese SF Ratings from Sovereign Downgrade
Apr 30, 2015 07:46 am UTC| Research & Analysis
Fitch Ratings says that the recent downgrade of Japans sovereign rating to A with Stable Outlook from A+ on Rating Watch Negative has no impact on any of the public ratings of Fitch-rated structured finance (SF)...
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