Non-Financial Corporates - Japan: 2016 Outlook - Companies to Remain Cautious Amid Muted Global Growth (Presentation)
[25 Nov] Muted domestic and global GDP growth will support broadly stable earnings for Japan's non-financial corporates in 2016, although those in steel and oil & gas remain most pressured.
India: Masala Bonds Open New Funding Source for NBFCs and GRIs
[24 Nov] The masala bond market opens up a new source of funding for non-bank finance companies and government-related issuers in India, although key challenges remain for the market to become a sustainable funding source.
Banking System Outlook: Philippines - Resilience of Domestic Economy Drives Stable Outlook
[23 Nov] We expect the credit profiles of the Philippine banks to remain stable over the next 12-18 months, supported by steady domestic economic growth, stable asset quality, and strong funding and liquidity profiles.
Australian RMBS: Housing Affordability Deteriorates, Sydney Worst in 14 Years
[23 Nov] Nationally, Australian households with two income earners spent an average of 29.3% of their monthly income on monthly mortgage repayments as of 30 October 2015, up from 28.2% last year. The current low mortgage interest rates have failed to offset the impact of rising interest rate hikes this month will further increase delinquency and default risks for mortgage loans.
Non-Financial Corporates: Australian: 2016 Outlook -- Weakness in Some Sectors
[23 Nov] Our overall stable outlook for Australia's corporates reflects their solid balance sheets and high levels of liquidity, supported by reasonably resilient macro-economic fundamentals. However, there is a clear divergence between the credit quality of companies in the mining sector, where weak prices and slower global growth are pressuring credit metrics.
Non-Financial Corporates: Korea: 2016 Outlook (Presentation)
[18 Nov] The outlook for private-sector non-financial corporates in Korea is that these companies will show stable credit quality, despite soft macroeconomic conditions. The robust earnings that many Korean private-sector companies have shown in 2015 will continue into 2016.
NTPC Limited: FAQ on Coal Availability, State Distribution Companies Finances and Government Stake Sale
[18 Nov] The improving coal environment and proposed debt reduction program should boost the ability of offtakers to buy electricity, which will in turn increase NTPC's utilization rates and incentive income.
Moody’s Credit Outlook on 19 Nov and 23 Nov
[19 Nov] Marriott to Buy Starwood for $13.4 Billion, a Credit Positive; Greek Banks' Debt Swaps Crystallise Bond Losses and Reduce Capital Needs by €3 Billion; Final Proposal to Promote Securitization in Israel Is Credit Positive for Banks; and more
[23 Nov] Wanhua Chemical Group's Equity Placement Is Credit Positive; Barclays' Foreign-Exchange Settlement Highlights Credit-Negative Internal Systems and Control Failures; Chinese Renminbi's Inclusion in IMF Special Drawing Rights Basket Would Be Credit Positive; and more |
