Moody's: US spec-grade refunding risk eases as issuance grows to meet record high maturities
May 30, 2017 23:35 pm UTC| Research & Analysis
Moodys Three-Year Refunding Index showed signs of stabilizing as a record level of high yield bond maturities in April was offset by a substantial increase in issuance, Moodys Investors Service says in its latest edition...
Moody's: New Zealand's 2017 budget highlights fiscal flexibility and shock absorption capacity
May 30, 2017 00:39 am UTC| Research & Analysis
Moodys Investors Service says that New Zealands (Aaa stable) budget for the fiscal year ending June 2018 (2017 budget) demonstrates very strong public finances, underpinned by ongoing fiscal discipline and robust economic...
Fitch: Interest Rate Risk Main Threat for Japanese Life Insurers
May 29, 2017 00:03 am UTC| Research & Analysis
Interest rate risk is likely to remain the primary threat for Japanese traditional life insurers, as a majority of the countrys life insurers will be unable to lengthen asset duration due to persistently low bond yields,...
Moody's downgrades China's rating to A1 from Aa3 and changes outlook to stable from negative
May 24, 2017 00:22 am UTC| Research & Analysis
Moodys Investors Service has today downgraded Chinas long-term local currency and foreign currency issuer ratings to A1 from Aa3 and changed the outlook to stable from negative. The downgrade reflects Moodys expectation...
Fitch: Saudi 1Q Deficit Narrows, Some Allowance Cuts Reversed
May 23, 2017 11:56 am UTC| Research & Analysis
Saudi Arabias sharply narrower first quarter deficit highlights the positive fiscal impact of higher oil prices. But the partial reversal of a cut in public sector allowances shows reforms are not yet well entrenched,...
May 23, 2017 11:20 am UTC| Research & Analysis
Poorly structured covenant-lite loans today make up a much larger proportion of the US leveraged loan market than they did before the credit crisis, and this does not bode well for investor recoveries during the next...
Fitch: Recovery in Belarus Bank Lending is Still Some Way Off
May 23, 2017 10:34 am UTC| Research & Analysis
A return to growth in Belarusian bank lending is still some way off, Fitch Ratings said at its annual conference on Belarus in Minsk today. We expect new lending (excluding exchange-rate effects) to be at best flat in...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects