02 JUL 2020|Sector In-Depth|MOODY'S INVESTORS SERVICE
While P&C insurers are less sensitive to low rates than life insurers, persistently low yields will erode their investment returns, weighing on their profitability.
30 JUN 2020|Sector In-Depth|MOODY'S INVESTORS SERVICE
We expect Swedish banks' ability to manage persistently low rates to come under increasing pressure as a result of lower loan growth and increased competition.
Sparkassen-Finanzgruppe: Coronavirus outbreak intensifies profitability pressure of Germany's largest banking group
23 JUN 2020|Issuer In-Depth|MOODY'S INVESTORS SERVICE
Low interest rates have eroded earnings in recent years. Now Germany's largest banking group faces rising credit costs from the outbreak of the coronavirus.
Sovereigns – Advanced Economies: Coronavirus will raise debt burdens; credit differentiation in capacity to reverse shock
22 JUN 2020|Sector In-Depth|Credit After Covid|MOODY'S INVESTORS SERVICE
Generally strong debt affordability will offset the rating implications of a one-off increase in debt burdens, but eventual ability to reduce the debt will differentiate credit profiles.
Credit Conditions – Global : Coronavirus will shape and accelerate global economic, business and consumption trends
18 JUN 2020|Sector In-Depth|Credit After Covid|MOODY'S INVESTORS SERVICE
Economies, societies, companies and financial systems will undergo shifts in six main areas after the crisis recedes, with credit implications for public and private sectors.
16 JUN 2020|Sector In-Depth|MOODY'S INVESTORS SERVICE
Despite being closed to new joining employees, defined benefit pension obligations continue to have a negative economic impact on German banks.
10 JUN 2020|Sector Comment|MOODY'S INVESTORS SERVICE
Lower interest rates will reduce banks' funding costs and support their margins, partially offsetting weaker noninterest revenue and higher credit costs.
10 JUN 2020|Sector In-Depth|MOODY'S INVESTORS SERVICE
This report explores the challenges of “low for longer” rates for banks, and sets out how we assess the impact on their net interest margins (NIMs), a key component of their profitability.
Dai-ichi Life, Meiji Yasuda Life, Nippon Life, Sumitomo Life: Core profit declined and coronavirus-related disruption to worsen in fiscal 2020
08 JUN 2020|Issuer In-Depth|MOODY'S INVESTORS SERVICE
The four insurers' financials in fiscal 2019 do not fully capture the effects of coronavirus outbreak, which we expect will be most pronounced on investment income and capitalization.
25 MAY 2020|Sector Comment|MOODY'S INVESTORS SERVICE
In first quarter 2020, life insurers faced higher reserves for variable guarantee products, while non-life insurers benefited from lower claims.