Fitch Publishes Updated Global SF & Covered Bonds Criteria Hierarchy
Jun 10, 2015 20:33 pm UTC| Research & Analysis
Fitch Ratings has published an updated version of its interactive Global Structured Finance (SF) and Covered Bonds (CVB) Rating Criteria Hierarchy. The report enables users to effectively navigate the various criteria...
Moody's: Brazilian government policies will slow BNDES's loan growth
Jun 10, 2015 17:52 pm UTC| Research & Analysis
The decision by the Brazilian government to cut funding to Banco Nacional de Desenvolvimento Econmico e Social (BNDES; Baa2 negative) could hurt the banks asset quality over the short term, but could also result in a...
Fitch: M&A Pace Increases Risk of US Companies Overleveraging
Jun 10, 2015 17:39 pm UTC| Research & Analysis
The breakneck pace of merger and acquisition (MA) activity continues to increase the risk that US companies will overleverage balance sheets and/or miscalculate synergy prospects, according to Fitch Ratings. While MA...
Fitch: U.S. Life Insurers Facing Heated Commercial Mortgage Market
Jun 10, 2015 16:12 pm UTC| Research & Analysis
Investment in mortgages grew 6.0% in 2014 to $350 billion for life insurers in the Fitch Ratings universe, an increase over the prior-year growth rate of 4.4%, according to a new report published by Fitch. While commercial...
Moody's: Turkish election result raises political uncertainty, likely to delay economic reforms
Jun 10, 2015 11:38 am UTC| Research & Analysis
Turkeys unofficial election result is likely to raise political uncertainty and delay the implementation of key economic policies that would help to protect it from external pressures, Moodys Investors Service said in a...
Moody's revises outlook on Western Australia's Aa1 rating to negative
Jun 10, 2015 02:53 am UTC| Research & Analysis
Investors Service has revised the outlook on Western Australian Treasury Corporations (WATC) Aa1 ratings -- backed by the State of Western Australia -- to negative from stable. At the same time, Moodys has affirmed its...
Moody's: Financial transparency among regional and local governments worldwide has improved
Jun 10, 2015 01:40 am UTC| Research & Analysis
Financial transparency and disclosure among regional and local governments (RLGs) worldwide has improved, a credit positive, says Moodys Investors Services in a report published today. The report focuses on China, Italy,...
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
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects