Fitch: Likely Poland EDP Exit Highlights Consolidation Success
May 15, 2015 12:35 pm UTC| Research & Analysis
The European Commissions recommendation that Poland should leave the Excessive Deficit Procedure (EDP) highlights the effectiveness of Polands deficit reduction strategy and the positive fiscal impact of a strong economic...
Fitch: European Leveraged Loan Borrowers Enter a New Cycle
May 14, 2015 13:11 pm UTC| Research & Analysis
Fitch Ratings says in its latest European Leveraged Loan Chart Book that rising leverage and weaker underwriting standards in the European leveraged loan market are offset by ample balance sheet liquidity and long-dated...
Moody's comments on Western Australia's 2015/16 budget
May 14, 2015 06:40 am UTC| Research & Analysis
Moodys Investors Service says that Western Australias latest budget, released 14 May 2015, shows that a record high deficit is expected for FY2015/16, as lower income from iron ore royalties and Goods and Services...
May 14, 2015 02:21 am UTC| Research & Analysis
Moodys Investors Service says that the Peoples Bank of Chinas (PBOC) lowering of interest rates for the third time in less than six months will lower the profitability of banks operating in China, because overall loan...
Moody's: Strong macroeconomic environment offsets liquidity risk for Chilean corporates
May 13, 2015 14:15 pm UTC| Research & Analysis
Among Moodys-rated Chilean non-financial, non-utility companies, most have little liquidity cushion to address their upcoming cash needs, but also strong credit quality, Moodys Investors Service says in a new report. The...
Moody's: Liquidity risk increases for Peruvian non-financial corporates
May 13, 2015 14:13 pm UTC| Research & Analysis
Liquidity risk has increased for Peruvian non-financial, non-utility companies over the past year, Moodys Investors Service says in a new report. Perus mining-dependent economy looks set for a partial rebound in 2015, but...
Fitch: China Margin Lending Poses Indirect Risks to Banks
May 13, 2015 01:09 am UTC| Research & Analysis
Rapidly growing margin lending poses indirect risks to Chinese banks through their lending to trust and securitiesfirms, and raises their exposure to stock market volatility, says Fitch Ratings. However, the extent of...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
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