Fitch: Boost in European Refining Margins Unlikely to be Sustained
Apr 23, 2015 13:17 pm UTC| Research & Analysis
Fitch Ratings says in its latest European Refining Dashboard that refineries enjoyed healthy margins in 1Q15 as crude prices remain low, although this is unlikely to be sustained. Challenges to European refining...
Fitch Rates State of Bremen's EUR250m Bond Final 'AAA'
Apr 23, 2015 08:15 am UTC| Research & Analysis
Fitch Ratings has assigned the State of Bremens EUR250m fixed-rate bond (DE000A11QJ24), due 28 October 2016, a final Long-term local currency rating of AAA. The senior unsecured issue ranks pari passu with all Bremens...
Fitch: U.S. Homebuilders Showing More 'Spring' in Their Step
Apr 22, 2015 15:29 pm UTC| Research & Analysis
Certain macro housing data and input from public builders are suggesting that a solid spring selling season is developing, according to Fitch Ratings in the latest edition of the Chalk Line.Factors like a sound economy,...
Fitch: Spreads Hit New Post-Crisis Lows, Down 80% from Peak
Apr 22, 2015 14:42 pm UTC| Research & Analysis
Credit investors continued in 1Q15 to push spreads lower against a backdrop of rising interest rate risk and generally weak global economic growth fundamentals, pushing the Fitch Solutions US All-Industry CDS index to a...
Fitch Affirms Sri Lanka at 'BB-'; Outlook Stable
Apr 22, 2015 11:46 am UTC| Research & Analysis
Fitch Ratings has affirmed Sri Lankas Long-Term Foreign and Local Currency Issuer Default Ratings at BB-. The issue ratings on Sri Lankas senior unsecured foreign and local currency bonds are also affirmed at BB-. The...
Fitch: Spanish Fundamentals Index Shows Recovery Holding Up
Apr 22, 2015 08:17 am UTC| Research & Analysis
The Fitch Spanish Fundamentals Index shows that recovery across key sectors in the economy is holding up, although there are still underlying challenges, Fitch Ratings says.The Spanish Fitch Fundamentals Index remained...
Fitch: China's 100bp RRR Cut Marks a Step-Up In Monetary Easing
Apr 22, 2015 03:42 am UTC| Research & Analysis
The Peoples Bank of Chinas (PBOC) 100bp cut to the reserve requirement ratio (RRR), effective on 20 April, marks a step-up in monetary easing from earlier policy measures, says Fitch Ratings. Fitch estimates that the cut...
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