Fitch: Greek deal positive but financing lags, risks remain
Feb 25, 2015 17:19 pm UTC| Research & Analysis
The likely agreement to extend Greeces financing agreement for up to four months significantly reduces the near-term risk of a breakdown in relations between the Greek government and the countrys official creditors, Fitch...
Fitch Affirms Mexico at 'BBB+'; Outlook Stable
Feb 25, 2015 16:57 pm UTC| Research & Analysis
Fitch Ratings has affirmed Mexicos long-term foreign and local currency IDRs at BBB+ and A-, respectively. The issue ratings on Mexicos senior unsecured foreign and local currency bonds are also affirmed at BBB+ and A-...
Fitch: Broad cross-sector impact evident in sustained $50/bbl oil price scenario
Feb 25, 2015 16:00 pm UTC| Research & Analysis
According to a new report by Fitch Ratings, the steep decline in the price of West Texas Intermediate (WTI) crude oil, from over $100 per barrel of oil (bbl) last summer to less than $50/bbl, has exposed numerous...
Moody's: Third-party guarantees can lower cover pool credit risk for French covered bonds
Feb 25, 2015 15:43 pm UTC| Research & Analysis
Moodys Investors Service says that when provided by an independent and strong credit quality guarantor, the home loan guarantees are credit positive for covered bonds as they reduce cover pool credit risk, compared with...
Feb 25, 2015 15:18 pm UTC| Research & Analysis
Weakness in liens covenants expose bondholders of US investment-grade software and IT services companies to greater risk in the event of a large, debt-financed merger and acquisition, while change of control provisions...
Fitch: European credit investors fear deflation, sceptical on QE
Feb 25, 2015 15:12 pm UTC| Research & Analysis
European credit investors are increasingly wary of deflation, but are sceptical that quantitative easing (QE) by the ECB will help, according to Fitch Ratings latest senior investor survey.An all-time high of 65% of...
Fitch: French Life Insurer Pay-Out Rates Will Pressure Margins
Feb 25, 2015 11:56 am UTC| Research & Analysis
Generous annual policyholder pay-out rates announced by French Life insurers over the last several weeks will add to the pressure on their margins, but should help protect business volumes, Fitch Ratings says. The decision...