Banks – United Kingdom: N26's closure of its UK operations highlights challenges for new entrants in the country
17 FEB 2020|Sector Comment|Bank of the Future|MOODY'S INVESTORS SERVICE
Digital-only banks are challenged to compete in a highly regulated, mature and relatively concentrated market, with high cost of customer acquisition and the need to make large investments.
Property & Casualty – Cross Region: Tesla shows smart carmakers can compete with incumbent motor insurers
13 FEB 2020|Sector Comment|MOODY'S INVESTORS SERVICE
Tesla's continued move into motor insurance could drive down insurers' profit margins and disrupt the sector if its model succeeds and is replicated widely by other car manufacturers.
13 FEB 2020|Issuer Comment|MOODY'S INVESTORS SERVICE
Change in ownership will resolve conflict of interest at the central bank but create a risk of the government influencing Sberbank's business decisions and lending strategy.
20 JAN 2020|Sector In-Depth|MOODY'S INVESTORS SERVICE
Securitisations backed by collateral originated under alternative lending models increase the risk and complexity of analysing alignment of interests. However, mitigants reduce such risks.
13 JAN 2020|Sector In-Depth|MOODY'S INVESTORS SERVICE
The continued rise in digital users will facilitate further branch reductions, with deposit market share gains accruing to the largest and most innovative banks.
Coles Group Limited: Investment in business is imperative for long-term success although the credit-positive effects are years away
16 DEC 2019|Issuer In-Depth|MOODY'S INVESTORS SERVICE
Coles' investments and partnerships in automation, online fulfillment and digital systems are aimed at cutting costs, boosting efficiency and improving online profitability.
XP Gestão de Recursos Ltda & Itau Unibanco S.A.: Brazilian fintech XP’s IPO will help accelerate growth and build a new digital banking platform, a credit positive
13 DEC 2019|Issuer Comment|MOODY'S INVESTORS SERVICE
XP Investimentos' leading digital investment platform debuted in the US stock exchange raising $1.15 billion to support its technology-based business model and its new bank in 2020.
Banco Santander (Brasil) S.A.: Brazilian payment platform Getnet and Banco Pine's partnership is credit positive for both
09 DEC 2019|Issuer Comment|MOODY'S INVESTORS SERVICE
The partnership between Santander Brazil’s fast-growing payment platform Getnet and small and midsize enterprise lender Banco Pine will enhance business opportunities for both.
Media & Entertainment – US: FAQ on CBS-Viacom, Netflix's aspirations, Discovery's positioning, content arms race
04 DEC 2019|Sector In-Depth|MOODY'S INVESTORS SERVICE
Answers to investors’ recent frequently asked questions on top US media companies including CBS, Viacom, Netflix, and Discovery.
ABS – US: Increased use of e-contracts poses risks for auto and equipment deals, but strong mitigants typically exist
02 DEC 2019|Sector In-Depth|MOODY'S INVESTORS SERVICE
Lenders are increasingly originating auto and equipment loans and leases with e-contracts, a move that boosts underwriting efficiency but also raises certain collateral-rights risks for ABS.