Fitch: Boom in Wealth Management Products a Key Risk for Some Chinese Banks
Mar 08, 2016 01:46 am UTC| Research & Analysis
The continued rapid growth in wealth management products (WMPs) invested through Chinese banks could be a key source of credit and liquidity risk for certain financial institutions, says Fitch Ratings. The fast rise in...
Moody's: Several EMEA fallen angels flashing early warning signs of default
Mar 08, 2016 00:18 am UTC| Research & Analysis
While early warning signs of default are most prevalent among B3-rated EMEA high-yield companies, a number of fallen angels in the Ba1 and Ba2 rating band are also showing warning signs, says Moodys Investors Service today...
Moody's: Protracted fall in oil and China slowdown mean weaker global growth, not recession
Mar 07, 2016 23:00 pm UTC| Research & Analysis
The protracted decline in oil prices and weaker growth in China have prompted a reappraisal of global economic growth prospects, causing risk aversion to rise and financial market conditions to tighten. However, while the...
Fitch: Widespread Cuts in Growth Forecasts, But No Global Recession
Mar 07, 2016 12:02 pm UTC| Research & Analysis
Fitch Ratings has made widespread downward revisions to growth forecasts in its latest Global Economic Outlook (GEO). While the biggest revisions have been to emerging market commodity producers - namely Brazil, Russia and...
Fitch: Lower Lending Rates in Indonesia May Help Corporates, Squeeze Banks
Mar 07, 2016 04:11 am UTC| Research & Analysis
Indonesias goal of reducing bank lending rates to single-digit levels will likely benefit most businesses, although banks may have to operate with thinner net interest margins and there are still uncertainties about...
Fitch: China's New Province-Level Renewable Goals More Effective
Mar 07, 2016 03:02 am UTC| Research & Analysis
Fitch Ratings says that the recent guideline from Chinas Energy Bureau more effectively addresses the off-take of renewable energy by the different provinces than previous rules. Fitch believes that the new guideline is...
Moody's: Opening of China's interbank bond market is credit positive
Mar 07, 2016 02:50 am UTC| Research & Analysis
Moodys Investors Service says that Chinas decision to open up its interbank bond market will benefit the development of bond markets generally on the Mainland and is also credit positive for foreign fund managers. Moodys...