SFIL: Issuance of first European green covered bond backed by public-sector assets is credit positive for CAFFIL and SFIL
12 NOV 2019|Issuer Comment|MOODY'S INVESTORS SERVICE
The issuance will broaden CAFFIL and SFIL's will potentially reduce their funding costs and consolidate their position in the fast-growing green covered bond market.
Coal mining - Indonesia: Refinancing risk will rise closer to 2022 because of large debt maturity wall
11 NOV 2019|Sector In-Depth|MOODY'S INVESTORS SERVICE
Miners with depleting coal reserves, license renewal risk or limited funding sources, particularly in light of creditor concerns over environmental risks, will face the most challenges.
Regulated utilities and power companies - North America: Grid modernization heightens vulnerability of utilities to cyberattacks
08 NOV 2019|Sector In-Depth|MOODY'S INVESTORS SERVICE
Utility exposure to cyber attacks is on the rise due to grid modernization efforts that expand the attack surface for threat actors and become interlinked with more vulnerable third parties.
Berry Global Group Inc.: After RPC deal, Berry is largest plastic packaging firm, but combination adds leverage and integration risks
08 NOV 2019|Issuer In-Depth|MOODY'S INVESTORS SERVICE
Berry's acquisition of RPC makes it the biggest rated plastic packaging maker by sales offering purchasing power and global reach, but also introduces leverage and integration risks
Local government – Texas: Voter approval of ballot measure to help local governments lessen flood damage is credit positive
07 NOV 2019|Sector Comment|MOODY'S INVESTORS SERVICE
Texas voters approved Proposition 8, creating a Flood Infrastructure Fund to help local governments enhance their ability to mitigate damage from natural disasters, a credit positive.
07 NOV 2019|Sector In-Depth|MOODY'S INVESTORS SERVICE
Green bond issuance continued its strong pace during the third quarter as issuers brought $63.9 billion to market, propelling issuance for the first three quarters to $189.5 billion.
Government of Ethiopia: FAQ on potential gains and ESG challenges from the Grand Ethiopian Renaissance Dam
06 NOV 2019|Issuer In-Depth|MOODY'S INVESTORS SERVICE
GERD will boost Ethiopia's external position and growth potential but the authorities will need to manage displacement costs, ecological damage and governance challenges to realize the gains
06 NOV 2019|Research Announcement|MOODY'S INVESTORS SERVICE
The boards of the investment-grade North American E&P companies are well positioned today to oversee their ongoing portfolio transitions toward unconventional plays.
06 NOV 2019|Sector In-Depth|MOODY'S INVESTORS SERVICE
Income inequality is associated with less predictable policy environments, higher spending pressures and weaker long-term growth.
05 NOV 2019|Sector In-Depth|MOODY'S INVESTORS SERVICE
Lack of affordable housing and rising homelessness are social and financial strains on many public finance issuers, posing credit risks associated with expenses, leverage and other factors.