Fitch: CNY Decline Not A Systemic Risk for Chinese Corporates
Oct 19, 2015 01:14 am UTC| Research & Analysis
Further declines in the yuan/dollar exchange rate should not pose a significant direct systemic risk to Chinese corporate debt sustainability, says Fitch Ratings.In a report published today, Fitch assessed the...
Moody's: Azerbaijan's foreign assets provide cushion against low oil prices
Oct 18, 2015 20:51 pm UTC| Research & Analysis
Azerbaijans high level of foreign assets provides a large buffer to mitigate the adverse effect from the decline in oil prices on the countrys economy, says Moodys Investors Service in a new research report. The sovereign...
Moody's: US initiatives could help Puerto Rico's fiscal recovery and debt restructuring
Oct 15, 2015 20:51 pm UTC| Research & Analysis
While the United States (Aaa stable) is unlikely to provide a financial bail-out for Puerto Rico (Caa3 negative) as the territory tries to restructure some of its $73 billion in debt, media reports suggest the US Treasury...
Moody's: Japan banking system stable, but pressure on domestic profitability
Oct 15, 2015 06:28 am UTC| Research & Analysis
Moodys Japan K.K. says that the outlook for Japans banking system over the next 12-18 months is stable, reflecting Moodys expectation that the banks operating environment, asset risk and liquidity will remain stable,...
Moody's changes outlook on Portugal's banking system to stable
Oct 15, 2015 05:06 am UTC| Research & Analysis
Moodys Investors Service has changed the outlook on Portugals banking system to stable from negative, reflecting the rating agencys view that improving operating conditions in Portugal will benefit the countrys banking...
Fitch: New Zealand budget surplus underscores positive outlook
Oct 15, 2015 04:29 am UTC| Research & Analysis
The unexpected budget surplus posted by New Zealand for the fiscal year ending June 30 (FY15) underscores the Positive Outlook on the sovereigns AA rating, says Fitch Ratings.New Zealands FY15 operating balance before...
Moody's: Western Australia's fiscal performance challenged by commodity price declines
Oct 14, 2015 01:55 am UTC| Research & Analysis
Moodys Investors Service says that falling commodity prices and Chinas economic slowdown have shaved several billions of dollars from mining-oriented Western Australias (WA) annual revenues, triggering a deterioration in...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects