Moody's: Liquidity-Stress Index drifts higher
May 20, 2015 14:24 pm UTC| Research & Analysis
Moodys Liquidity-Stress Index (LSI) for US speculative-grade companies edged up to 4.4% at mid-May from 4.2% in April, the rating agency says. The latest reading is the highest since February 2014, though the LSI remains...
May 20, 2015 14:04 pm UTC| Research & Analysis
The depreciation of Latin American currencies since mid-2014 is unlikely to reverse soon and some could weaken even further, says Moodys Investors Service. The rating agency therefore expects devaluation and currency...
Moody's outlook for Greece's banking system is negative
May 20, 2015 10:28 am UTC| Research & Analysis
The outlook for the Greek banking system is negative, primarily reflecting the acute deterioration in Greek banks funding and liquidity, says Moodys Investors Service in a new report published recently. These pressures are...
Moody's: Stable credit quality of Australian and New Zealand covered bonds in Q1 2015
May 20, 2015 01:32 am UTC| Research & Analysis
Moodys Investors Service says that Australian and New Zealand covered bond programmes performance remained stable during Q1 2015.The steady performance of the covered bonds during the first quarter of 2015 was supported by...
Fitch Downgrades 4 Portuguese Banks on Support Revision
May 19, 2015 16:54 pm UTC| Research & Analysis
Fitch Ratings has downgraded Banco Comercial Portugues, S.A.s (Millennium bcp) Long-term Issuer Default Rating (IDR) to BB- from BB+ and that of Banco BPI, S.A. to BB from BB+.At the same time, the agency has downgraded...
Fitch Downgrades Irish Banks' IDRs; Upgrades 3 VRs
May 19, 2015 16:48 pm UTC| Research & Analysis
Fitch Ratings has downgraded Bank of Irelands (BOI) and Bank of Ireland UK plcs (BOI UK) Long- and Short-term Issuer Default Ratings (IDR) to BB+/B from BBB/ F2, and Allied Irish Banks plcs (AIB) and AIB UKs (AIBUK) Long-...
Moody's: Default rate estimated to rise among struggling E&P companies
May 19, 2015 14:11 pm UTC| Research & Analysis
The 12-month default rate forecast for Oil and Gas companies rated B2 or below in the Exploration and Production (EP) sector is estimated to more than double in the year ahead, Moodys Investors Service said in a new...
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