Moody's: Ghana and Mongolia's Commodity Dependence Strains Weak Credit Profiles
Mar 12, 2015 04:55 am UTC| Research & Analysis
Moodys Investors Service says that the credit profiles of Ghana and Mongolia - both rated B2 with negative outlooks - are constrained by their exposure to commodities, strained public finances and external...
China’s economy continues losing steam, more stimulus expected
Mar 11, 2015 08:55 am UTC| Research & Analysis
Chinas industrial production fell below expectations last month to 6.8 percent, according to the latest report published by the National Bureau of Statistics. Analysts expectation stood at 7.7 percent. Moreover, urban...
Moody's: Hongkong Land's 2014 results support its ratings
Mar 11, 2015 08:50 am UTC| Research & Analysis
Moodys Investors Service says Hongkong Land Holdings Limiteds (HKLH) results for 2014 are in line with expectations and continue to support its A3 issuer rating.The results also support the A2 issuer rating of Hongkong...
Fitch: Liquidity to Remain Tight for Smaller Indonesian Banks
Mar 11, 2015 03:05 am UTC| Research & Analysis
Indonesian banks liquidity is likely to stay relatively tight through the medium term despite the latest 25bp interest-rate cut by the Indonesian central bank, says Fitch Ratings. Lenders with weaker franchises,...
Moody's: February's North American high-yield bonds offer weakest protections on record
Mar 10, 2015 20:31 pm UTC| Research & Analysis
North American high-yield bond covenant quality declined to a new record low in February, Moodys Investors Service says in a new report. The average covenant quality score for the month weakened to 4.51, worse than the...
Moody's: Assets under US management rise slightly in Q4, but revenues decline
Mar 10, 2015 16:58 pm UTC| Research & Analysis
In fourth-quarter 2014, as global markets were pulled in two directions, the assets under management by US asset managers rose slightly but revenues in the quarter declined, according to Moodys Investors Service. In its...
Fitch: Brazilian Banks Brace for Rising Provisions this Year
Mar 10, 2015 14:48 pm UTC| Research & Analysis
Brazilian banks will face more asset quality pressure and rising loan loss provisions in 2015, dampening the profitability of the Brazilian banking industry, says Fitch Ratings.A tougher 2015 for Brazilian banks is...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects