Moody's: February's North American high-yield bonds offer weakest protections on record
Mar 10, 2015 20:31 pm UTC| Research & Analysis
North American high-yield bond covenant quality declined to a new record low in February, Moodys Investors Service says in a new report. The average covenant quality score for the month weakened to 4.51, worse than the...
Moody's: Assets under US management rise slightly in Q4, but revenues decline
Mar 10, 2015 16:58 pm UTC| Research & Analysis
In fourth-quarter 2014, as global markets were pulled in two directions, the assets under management by US asset managers rose slightly but revenues in the quarter declined, according to Moodys Investors Service. In its...
Fitch: Brazilian Banks Brace for Rising Provisions this Year
Mar 10, 2015 14:48 pm UTC| Research & Analysis
Brazilian banks will face more asset quality pressure and rising loan loss provisions in 2015, dampening the profitability of the Brazilian banking industry, says Fitch Ratings.A tougher 2015 for Brazilian banks is...
Fitch: New Covenants in European CLOs Ensure Greater Obligor Diversity
Mar 10, 2015 13:02 pm UTC| Research & Analysis
Fitch Ratings says that the inclusion in recent European CLOs of additional covenants on the largest 10 obligors is credit positive as they ensure greater portfolio diversity. The covenant should help to mitigate...
Fitch: Stronger Enforcement Enhancing Korean Banking System Stability
Mar 10, 2015 10:48 am UTC| Research & Analysis
Fitch Ratings says regulation of the banking sector has strengthened noticeably in Korea, as in many other developed markets, since the onset of the 2008 global financial crisis. This includes closer monitoring of loan...
Fitch 50 Europe: ECB QE to Intensify Search for Yield
Mar 10, 2015 09:16 am UTC| Research & Analysis
Fitch Ratings says in a new report that ECB asset purchases is likely to intensify the search for yield amid an ongoing scarcity of assets - as savings continue to exceed demand for investment in continental Europe.In the...
Disinflation to persist in China
Mar 10, 2015 08:41 am UTC| Research & Analysis
Chinas consumer price inflation unexpectedly accelerated in February, rebounding from the five-year low hit in the previous month. Producer prices, however, continued to fall, adding pressure on the policymakers to...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects