Moody's: Australian banks' asset quality stable for now
Jun 04, 2015 04:57 am UTC| Research & Analysis
Moodys Investors Service says that Australian banks reported exceptionally low credit costs over the six months to 31 March 2015. The rating agency identifies some potential headwinds to asset quality, but expects that in...
Moody's: Asian Liquidity Stress Index stable at 24% in May
Jun 04, 2015 02:45 am UTC| Research & Analysis
Moodys Investors Service says that its Asian Liquidity Stress Index remained at 24% in May for the third consecutive month. The number of rated high-yield companies with Moodys weakest speculative-grade liquidity (SGL-4)...
Fitch: Limited Implications of Asya Case for Turkish Banks
Jun 03, 2015 14:13 pm UTC| Research & Analysis
The Turkish banking sector as a whole, and its participation (Islamic) banks in particular, should not be significantly affected by the transfer last Friday of control over Asya Katilim Bankasi to the Savings Deposit...
Moody's: Collateral for Slovak covered bonds increases with rise of mortgage loans
Jun 03, 2015 13:58 pm UTC| Research & Analysis
An increase in mortgage loan volumes and fall in non-performing loans are credit positive for covered bonds in Slovakia, allowing for an increase in collateral and thus over-collateralisation (OC) for cover pools, says...
FITCH: EU BANK SUB-DEBT AND RETAIL BUYERS - RISKS OUTWEIGH BENEFITS
Jun 03, 2015 12:42 pm UTC| Research & Analysis
Some EU banks are still selling their own subordinated securities to their retail customers even after retail investors were bailed in when Spanish banks failed in 2012. Conduct risks could far outweigh the benefit of...
Moody's: Government rail investment a key credit support for selected Chinese issuers
Jun 03, 2015 03:03 am UTC| Research & Analysis
Moodys Investors Service says that continued heightened investment by the Chinese government (Aa3 stable) in the countrys railway network will be credit positive for the industry and eligible companies. Chinas rail...
Jun 02, 2015 23:39 pm UTC| Research & Analysis
In the context of increasing bank disintermediation in Europe, GIAC Gestion SAS recent cash flow CLO transaction is an example of a viable way forward for European SME CLOs, says Moodys Investors Service in a new report...
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
The Mattei Plan: why Giorgia Meloni is looking to Africa
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight