May 28, 2015 23:10 pm UTC| Research & Analysis
Moodys Investors Service has placed 7 New York local government general obligation bond ratings under review direction uncertain in keeping with a new requirement for audited financial statements for New York local...
Moody's assigns Aa2 to $1.2B of NYC GO bonds; outlook stable
May 28, 2015 22:13 pm UTC| Research & Analysis
$39.8 billion of GO debt outstanding; sale reflects new money and conversion and reoffering of floating rate debt as fixed rateMoodys RatingIssue: General Obligation Bonds, Fiscal 2015 Series 1; Rating: Aa2; Sale Amount:...
Fitch: U.S. Equity REIT Liquidity Profiles Solid Against Plentiful Capital Backdrop
May 28, 2015 20:35 pm UTC| Research & Analysis
U.S. equity REITs cost of debt capital remains attractive by historic standards; however, unsecured bond spreads have remained in the 130-140 basis point range since the beginning of 2015, above the 100-110 basis point...
Fitch: Record EMEA Corp Issuance Boosted by US and HY Issuers
May 28, 2015 12:07 pm UTC| Research & Analysis
EMEA corporate bond issuance is on course to hit a record in 2015, Fitch Ratings says. Companies around the globe are locking-in low yields while US issuers are increasing their presence in the market as the difference...
Moody's: Despite wave of infrastructure capital, investment opportunities remain scarce
May 28, 2015 07:23 am UTC| Research & Analysis
Although there is substantial debt capacity available from banks and institutional investors to finance infrastructure developments in creditworthy, stable economies, there is a shortage of investment opportunities, notes...
Moody's: Thailand's ratings supported by strong government financial position
May 28, 2015 03:33 am UTC| Research & Analysis
Moodys Investors Service says that Thailands (Baa1 stable) ratings are supported by a very strong government financial position. The countrys well-diversified economy and high foreign reserves are additional credit...
Fitch Rates ANZ's bn Covered Bonds 'AAA'/Stable
May 28, 2015 02:19 am UTC| Research & Analysis
Fitch Ratings has assigned Australia and New Zealand Banking Group Limiteds (ANZ, AA-/Stable/F1+) Series 2015-1 bn mortgage covered bonds a rating of AAA. The Outlook is Stable. This brings ANZs total outstanding issuance...
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