Moody's: Spanish mortgage securitisation volumes starving covered bonds of collateral

Mar 15, 2016 00:36 am UTC| Research & Analysis Real Estate

The high volume of Spanish mortgage securitisation has reduced the amount of collateral for Spanish covered bonds (cédulas hipotecarias), which is negative for covered bondholders, says Moodys Investors...

Emerging Market Crisis Series

Moody's: Challenges for Russian banking sector amid weakening asset quality and pressure on capital adequacy 

Mar 14, 2016 09:18 am UTC| Research & Analysis Economy

Economic recession in Russia will continue to negatively affect the operating environment for Russian banks in 2016, as the impact of low oil prices and large depreciation of the ruble continues, says Moodys Investors...

Moody's maintains negative outlook for Kazakhstan's banking system, driven by currency depreciation and oil price declines

Mar 14, 2016 08:14 am UTC| Research & Analysis Politics

Moodys Investors Service is maintaining its negative outlook for the Kazakhstan banking system over the next 12-18 months, according to its latest outlook, as banks confront mounting challenges from currency depreciation...

Moody's: Outlook for Mongolia banks remains negative on challenging operating environment

Mar 14, 2016 02:55 am UTC| Research & Analysis

Moodys Investors Service says the negative outlook for Mongolias banking system, unchanged since 2013, reflects the challenging operating environment, leading to continued deterioration in asset quality and capital, while...

Moody's: Spanish electricity system heads toward sustainability, as electricity tariff deficit debt falls

Mar 14, 2016 00:21 am UTC| Research & Analysis

Electricity tariff deficit debt in Spain is decreasing and heading towards sustainable levels by 2018-19, says Moodys Investors Service. The lack of new deficits in 2014 and paying down of outstanding deficits, has cut...

Moody's changes outlook on Georgia's Ba3 government bond rating to stable from positive; affirms Ba3 rating

Mar 13, 2016 04:23 am UTC| Research & Analysis

Moodys Investors Service (Moodys) has today changed the outlook to stable from positive on Georgias government bond ratings, while affirming the Ba3 issuer and senior unsecured ratings. The key drivers of the outlook...

Fitch: Negative Interest Rates Put More Pressure on Japanese Banks' NIM

Mar 11, 2016 01:12 am UTC| Research & Analysis

Negative interest rates in Japan will add further pressure on the Japanese banking sectors already thin net interest margins (NIM). The short-term direct impact is limited as the negative interest rate is applied only to...