Fitch: New Covenants in European CLOs Ensure Greater Obligor Diversity
Mar 10, 2015 13:02 pm UTC| Research & Analysis
Fitch Ratings says that the inclusion in recent European CLOs of additional covenants on the largest 10 obligors is credit positive as they ensure greater portfolio diversity. The covenant should help to mitigate...
Fitch: Stronger Enforcement Enhancing Korean Banking System Stability
Mar 10, 2015 10:48 am UTC| Research & Analysis
Fitch Ratings says regulation of the banking sector has strengthened noticeably in Korea, as in many other developed markets, since the onset of the 2008 global financial crisis. This includes closer monitoring of loan...
Fitch 50 Europe: ECB QE to Intensify Search for Yield
Mar 10, 2015 09:16 am UTC| Research & Analysis
Fitch Ratings says in a new report that ECB asset purchases is likely to intensify the search for yield amid an ongoing scarcity of assets - as savings continue to exceed demand for investment in continental Europe.In the...
Disinflation to persist in China
Mar 10, 2015 08:41 am UTC| Research & Analysis
Chinas consumer price inflation unexpectedly accelerated in February, rebounding from the five-year low hit in the previous month. Producer prices, however, continued to fall, adding pressure on the policymakers to...
Moody's: The upper tiers of China's regional and local governments exhibit high creditworthiness
Mar 10, 2015 06:08 am UTC| Research & Analysis
Moodys Investors Service says that the upper tiers of Chinas regional and local governments (RLGs) display characteristics of high creditworthiness because of their close ties with the sovereign. Such characteristics...
Moody's: Lower oil prices present challenges and opportunities to MENA sovereigns
Mar 09, 2015 21:46 pm UTC| Research & Analysis
Developments in global oil markets are presenting policymakers in the Middle East and North Africa (MENA) with challenges and opportunities, says Moodys Investors Service in its 2015 MENA Sovereign Outlook...
Moody's: Petrobras probe weakens Brazil's sectors
Mar 09, 2015 17:39 pm UTC| Research & Analysis
The corruption investigation into Petroleo Brasileiro S.A. (Petrobras) will negatively affect parts of the public and private sectors, but government support for the company is likely to help contain the credit-negative...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects