Fitch: China's Municipal Bond Rules Give Local Governments More Flexibility

Mar 20, 2015 07:23 am UTC| Research & Analysis

Fitch Ratings says the Chinese governments extension of a programme to allow local and regional governments (LRGs) to issue municipal bonds on their own credit will help these subnationals to optimise their debt structures...

Moody's: Most Chinese issuers resilient to credit pressures of China's economic rebalancing

Mar 20, 2015 01:50 am UTC| Research & Analysis

Moodys Investors Service says that the vast majority of Chinese issuers that it rates are resilient to the associated near-term credit pressures of Chinas economic rebalancing. "The key dynamics of Chinas rebalancing...

Fitch: China Auto Loans Performing as Expected

Mar 20, 2015 01:22 am UTC| Research & Analysis

Fitch Ratings says in a new report that the cumulative defaults levels of Chinese auto loan ABS transactions remain very low at between 0.07% and 0.5%, based on trustee reports for the collection period in January 2015 and...

U.S. Fed balance sheet details for latest week

Mar 19, 2015 21:03 pm UTC| Research & Analysis

Foreign central bank u.s. debt holdings fell $7.206 bln to $3.227 trln in march 18 week Foreign cenbank holdings of us treasuries fell $6.026 bln to $2.900 trln in march 18 week Foreign cenbank holdings of us agency debt...

Moody's expects outcome of new banking methodology to be positive for money fund ratings; no change for bond fund ratings

Mar 19, 2015 17:53 pm UTC| Research & Analysis

Moodys Investors Service expects recent bank rating actions, together with the intended introduction of Counterparty Risk (CR) assessments for senior bank obligations and counterparty commitments, to drive improvements in...

Fitch: UK maintains consolidation; election makes pace uncertain

Mar 19, 2015 17:18 pm UTC| Research & Analysis

The UK budget and latest Office for Budget Responsibility (OBR) projections are in line with Fitch Ratings view that economic growth will remain robust and fiscal consolidation will continue in the coming years. The UKs...

Moody's: Liquidity-Stress Index increases as oil and gas firms come under pressure

Mar 19, 2015 15:07 pm UTC| Research & Analysis

Moodys Liquidity-Stress Index (LSI) increased to 4.2% in mid-March from 4.0% in February and 3.9% in January on the back of a sharp rise in liquidity stress in the oil and gas sector, the rating agency says in its most...