Fitch: Risk Diverging Between Chinese Retail, Institutional MMFs

Mar 18, 2015 01:10 am UTC| Research & Analysis

A pronounced divergence between the risk profile of funds aimed at retail investors and those focused on institutional clients has accompanied the rapid growth in Chinese money market funds over the last 18 months, Fitch...

Moody's: North American Exploration and Production Companies Cut Capital Spending to Preserve Liquidity

Mar 17, 2015 15:21 pm UTC| Research & Analysis

North American oil exploration and production (EP) companies are cutting capital spending dramatically in 2015, Moodys Investors Service says in a new report. By restricting capital spending to their highest-return...

Moody's: Diverse economy, sources of federal revenue, protect Canada's Aaa from low oil prices

Mar 17, 2015 14:20 pm UTC| Research & Analysis

Lower oil prices do not pose a significant risk to Canadas fundamental credit quality and its Aaa sovereign rating with stable outlook, says Moodys Investors Service. Canadas diverse economy as well as the small role...

Moody's: ECB's Quantative Easing unable to stop decline in February's high yield issuance

Mar 17, 2015 13:27 pm UTC| Research & Analysis

High-yield bond volumes of $6 billion were down from $16 billion in January, and $11 billion in February 2014 as larger MA-driven activity subsided, despite the announcement of quantitative easing in Europe, says Moodys...

Moody's: Global spec-grade corporate default rate rises slightly in February

Mar 17, 2015 12:45 pm UTC| Research & Analysis

Moodys trailing 12-month global speculative-grade default rate closed at 2.3% in February 2015, up from Januarys revised rate of 2.1%. The latest reading came in close to the rating agencys year-ago prediction of...

Fitch: Strengthening Recovery in Advanced Economies

Mar 17, 2015 11:56 am UTC| Research & Analysis

Fitch Ratings says in its latest Global Economic Outlook (GEO) that world GDP growth will strengthen to 2.7% in 2015 and 3.0% 2016, up from 2.5% in 2014, driven by recovery in major advanced economies (MAE). Growth will...

Moody's: Germany's strong economy and fiscal record support credit profile

Mar 17, 2015 09:08 am UTC| Research & Analysis

Germanys large, strong and competitive economy underpins its Aaa stable rating and ensures low funding costs. Its shrinking workforce, ageing population and structural reforms pose key long-term credit challenges, Moodys...