Moody's: Low power prices in Germany keep pressure on generation earnings
Jun 30, 2015 05:43 am UTC| Research & Analysis
Moodys Investors Service expects that German power prices will remain in the range of EUR30-35 per megawatt hour (MWh) to 2020. This compares with around EUR31-32/MWh today, and reflects: (1) new capacity which will shift...
Moody's: In Italy, low gas prices and weak demand expected to drive down electricity prices
Jun 30, 2015 05:20 am UTC| Research & Analysis
London, 30 June 2015 -- Moodys Investors Service expects that Italys wholesale power prices will stay in a range of EUR42-47 per megawatt hour through 2020, down from EUR48-51/MWh currently. The expected decline is mainly...
Moody's: Irish power price will continue to fall amid a climate of heightened regulatory uncertainty
Jun 30, 2015 05:04 am UTC| Research & Analysis
The wholesale power price in Ireland will continue to fall over the next three years in a range between EUR53-58 per megawatt hour (MWh), driven by the continued increase in the number of onshore wind farms says Moodys...
Moody's: India's rural demand to remain soft, a credit negative for rated issuers
Jun 30, 2015 02:49 am UTC| Research & Analysis
Moodys Investors Service expects Indias weakened rural economy to remain subdued through the fiscal year ending March 2016 (FY2016), particularly if the risk of below-average monsoon rainfall materializes. "A sustained...
Jun 29, 2015 23:39 pm UTC| Research & Analysis
Regulatory tools introduced after the financial crisis to manage bank collapses are positive for financial stability, reducing the risk of contagion and the likely overall losses from bank failure, Moodys Investors Service...
Moody's: Outlook for North American manufacturing industry remains stable
Jun 29, 2015 21:56 pm UTC| Research & Analysis
The North American manufacturing industry outlook remains stable, Moodys Investors Service says in a new report. Earnings growth is expected to be modest over the next 12 to 18 months, as is global economic expansion....
Fitch: Fiscal Deterioration Will Raise Zambia's Debt Burden
Jun 29, 2015 11:37 am UTC| Research & Analysis
The increasingly large budget gap in Zambia may prove costly to finance, Fitch Ratings says. Domestic financing conditions are constrained, and new external financing could push government debt toward 40% of GDP by...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight