Moody's downgrades Canadian Oil Sands to Baa3; Outlook Negative
Aug 24, 2015 23:00 pm UTC| Research & Analysis
Moodys Investors Service (Moodys) downgraded Canadian Oil Sands Limited (COSL)s senior unsecured rating to Baa3 from Baa2 and the senior unsecured rating on its MTN program to (P)Baa3 from (P)Baa2. The outlook remains...
Moody's: Japan Post Bank's portfolio diversification increases risks
Aug 19, 2015 02:25 am UTC| Research & Analysis
Moodys Japan K.K. says that Japan Post Bank Co., Ltd.s (JPB, unrated) liquidity levels and funding profile will stay strong, even as its credit, execution, operational and foreign-currency liquidity risks rise, due to its...
Fitch upgrades Greece to 'CCC'
Aug 18, 2015 20:22 pm UTC| Research & Analysis
Fitch Ratings has upgraded Greeces Long-term foreign and local currency Issuer Default Ratings (IDRs) by one notch to CCC from CC. The issue ratings on Greeces senior unsecured foreign and local currency bonds have also...
Moody's: China's exchange rate reform is credit negative for property developers
Aug 18, 2015 06:28 am UTC| Research & Analysis
Moodys Investors Service says that the depreciation in the renminbi that has followed the shift in the mechanism for determining the daily fixing rate of the Chinese currency against the dollar is credit negative for...
Aug 18, 2015 00:26 am UTC| Research & Analysis
Moodys maintains its baseline forecast for G20 GDP growth at 2.7% this year, rising to around 3% in 2016, compared to 2.9% in 2014. These 2015-16 growth forecasts are still below the G20s average growth rate before the...
Moody's: China advances exchange rate reform, a credit positive
Aug 14, 2015 05:44 am UTC| Research & Analysis
Moodys Investors Service says that the shift in the mechanism for determining the daily fixing rate of the renminbi against the dollar is credit positive because it will increase currency flexibility and support steps to...
Aug 12, 2015 12:37 pm UTC| Research & Analysis
Rationale: We all have been well aware that next key driver for this pair was Feds rate hike expectations but recent FX collapse that is created by Chinese bank would probably reveal US may defer this big event to the...
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