Fitch: Energy Default Rate Likely to Rise in 2015

Apr 27, 2015 14:03 pm UTC| Research & Analysis

The energy sector default rate is expected to rise above its long-term average of 1.9% in 2015, according to Fitch Ratings. Low oil prices have pressured cash flows and liquidity of smaller, less competitive exploration...

Fitch Downgrades Japan to 'A'; Outlook Stable

Apr 27, 2015 09:13 am UTC| Research & Analysis

Fitch Ratings has downgraded Japans Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) to A from A+. The issue ratings on Japans senior unsecured foreign and local currency bonds are also downgraded to A...

Moody's: Australian housing affordability steady; falls in Sydney, Melbourne

Apr 27, 2015 00:19 am UTC| Research & Analysis

Moodys Investors Service says that low mortgage interest rates have helped keep Moodys Australian Housing Affordability Measure steady at the national level over the past year, offsetting the impact of higher property...

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...