Fitch: EU Bank ST Ratings under Pressure from Bank Resolution
Apr 24, 2015 12:05 pm UTC| Research & Analysis
Fitch Ratings says weakening government support will exert pressure on around 30 EU banks Short-Term Issuer Default Ratings (IDRs) in 2Q15 despite improvements in intrinsic liquidity profiles at many banks across the...
Moody's: Brazil's banks to face higher loan losses, but cost of provisioning generally manageable
Apr 23, 2015 16:03 pm UTC| Research & Analysis
With prospects of an economic recovery fading, banks in Brazil are likely to see the quality of their assets deteriorate as a greater share of their loans become nonperforming, says Moodys Investors Service. Most of the...
Moody's: Latin American high-yield issuance off to a slow start in 2015
Apr 23, 2015 15:39 pm UTC| Research & Analysis
Latin American high-yield corporate bond issuance was down 9.5%, to $3.4 billion, in the first quarter of 2015 over the same period last year, Moodys Investors Service says in its latest Latin American edition of High...
Fitch: Boost in European Refining Margins Unlikely to be Sustained
Apr 23, 2015 13:17 pm UTC| Research & Analysis
Fitch Ratings says in its latest European Refining Dashboard that refineries enjoyed healthy margins in 1Q15 as crude prices remain low, although this is unlikely to be sustained. Challenges to European refining...
Fitch Rates State of Bremen's EUR250m Bond Final 'AAA'
Apr 23, 2015 08:15 am UTC| Research & Analysis
Fitch Ratings has assigned the State of Bremens EUR250m fixed-rate bond (DE000A11QJ24), due 28 October 2016, a final Long-term local currency rating of AAA. The senior unsecured issue ranks pari passu with all Bremens...
Fitch: U.S. Homebuilders Showing More 'Spring' in Their Step
Apr 22, 2015 15:29 pm UTC| Research & Analysis
Certain macro housing data and input from public builders are suggesting that a solid spring selling season is developing, according to Fitch Ratings in the latest edition of the Chalk Line.Factors like a sound economy,...
Fitch: Spreads Hit New Post-Crisis Lows, Down 80% from Peak
Apr 22, 2015 14:42 pm UTC| Research & Analysis
Credit investors continued in 1Q15 to push spreads lower against a backdrop of rising interest rate risk and generally weak global economic growth fundamentals, pushing the Fitch Solutions US All-Industry CDS index to a...
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
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