Moody's: Delayed oil price recovery could weigh on GCC sovereign credit profiles
Oct 19, 2015 23:33 pm UTC| Research & Analysis
With oil prices expected to stay lower for longer, GCC governments fiscal and current account balances will remain under pressure, says Moodys Investors Service in a report published today. We expect that the impact of...
Moody's: Muted growth prospects for Europe's B2B companies in 2016
Oct 19, 2015 07:35 am UTC| Research & Analysis
European business-to-business (B2B) service companies operating performance will likely remain sluggish for a third consecutive year in 2016, as the improving economic backdrop in the region has yet to translate into a...
Fitch: CNY Decline Not A Systemic Risk for Chinese Corporates
Oct 19, 2015 01:14 am UTC| Research & Analysis
Further declines in the yuan/dollar exchange rate should not pose a significant direct systemic risk to Chinese corporate debt sustainability, says Fitch Ratings.In a report published today, Fitch assessed the...
Moody's: Azerbaijan's foreign assets provide cushion against low oil prices
Oct 18, 2015 20:51 pm UTC| Research & Analysis
Azerbaijans high level of foreign assets provides a large buffer to mitigate the adverse effect from the decline in oil prices on the countrys economy, says Moodys Investors Service in a new research report. The sovereign...
Moody's: US initiatives could help Puerto Rico's fiscal recovery and debt restructuring
Oct 15, 2015 20:51 pm UTC| Research & Analysis
While the United States (Aaa stable) is unlikely to provide a financial bail-out for Puerto Rico (Caa3 negative) as the territory tries to restructure some of its $73 billion in debt, media reports suggest the US Treasury...
Moody's: Japan banking system stable, but pressure on domestic profitability
Oct 15, 2015 06:28 am UTC| Research & Analysis
Moodys Japan K.K. says that the outlook for Japans banking system over the next 12-18 months is stable, reflecting Moodys expectation that the banks operating environment, asset risk and liquidity will remain stable,...
Moody's changes outlook on Portugal's banking system to stable
Oct 15, 2015 05:06 am UTC| Research & Analysis
Moodys Investors Service has changed the outlook on Portugals banking system to stable from negative, reflecting the rating agencys view that improving operating conditions in Portugal will benefit the countrys banking...