Moody's: Collateral for Slovak covered bonds increases with rise of mortgage loans
Jun 03, 2015 13:58 pm UTC| Research & Analysis
An increase in mortgage loan volumes and fall in non-performing loans are credit positive for covered bonds in Slovakia, allowing for an increase in collateral and thus over-collateralisation (OC) for cover pools, says...
FITCH: EU BANK SUB-DEBT AND RETAIL BUYERS - RISKS OUTWEIGH BENEFITS
Jun 03, 2015 12:42 pm UTC| Research & Analysis
Some EU banks are still selling their own subordinated securities to their retail customers even after retail investors were bailed in when Spanish banks failed in 2012. Conduct risks could far outweigh the benefit of...
Moody's: Government rail investment a key credit support for selected Chinese issuers
Jun 03, 2015 03:03 am UTC| Research & Analysis
Moodys Investors Service says that continued heightened investment by the Chinese government (Aa3 stable) in the countrys railway network will be credit positive for the industry and eligible companies. Chinas rail...
Jun 02, 2015 23:39 pm UTC| Research & Analysis
In the context of increasing bank disintermediation in Europe, GIAC Gestion SAS recent cash flow CLO transaction is an example of a viable way forward for European SME CLOs, says Moodys Investors Service in a new report...
Fitch Ratings Global Banking Conference 2015 Kicks off in London
Jun 02, 2015 07:09 am UTC| Research & Analysis
Fitch Ratings today hosts the first of its flagship annual Global Banking Conferences for 2015 in London. The conferences, continuing in the US and Asia throughout June, will include the latest from Fitchs leading analysts...
Moody's: RBNZ's proposal on capital is credit positive for NZ banks
Jun 02, 2015 05:25 am UTC| Research & Analysis
Moodys Investors Service says that the Reserve Bank of New Zealands (RBNZ) proposal to raise the amount of capital that banks will need to hold against investment loans extended for residential properties is credit...
Moody's: China property sales to grow modestly as government policies start to work
Jun 02, 2015 03:19 am UTC| Research & Analysis
Moodys Investors Service expects property sales in China to show modest growth over the next 12 months -- after recording a fall in 2014 -- as the effects of supportive monetary and regulatory polices implemented since the...
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