TORONTO, ONTARIO–(Marketwired – May 15, 2017) –
May 16, 2017 at 08:28AM
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Showing posts with label 2017 at 08:29AM. Show all posts
Showing posts with label 2017 at 08:29AM. Show all posts
Tuesday, May 16, 2017
Moody’s : Barring Major Escalation of Range of interrelated Risks, sees Credit Strengths of Sovereign, Korean Cos, Banks
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MOODY’S : BARRING MAJOR ESCALATION OF RANGE OF INTERRELATED RISKS, SEES CREDIT STRENGTHS OF SOVEREIGN, KOREAN COS, BANKS TO REMAIN LARGELY INTACT
The material has been provided by InstaForex Company – www.instaforex.com
May 16, 2017 at 08:14AM
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Notice To The Market
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SÃO PAULO, May 15, 2017 /PRNewswire/ — Companhia de Saneamento Básico do Estado de São Paulo – SABESP (BM&FBovespa: SBSP3; NYSE: SBS), one of the largest water and sewage service provider in the world based on the number of customers, hereby announces that on May 15, 2017, filed its…
May 16, 2017 at 08:27AM
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Asia Markets: Mixed bag for Asian stocks as Nikkei gets back on track
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Stock markets across Asia-Pacific lacked direction early Tuesday, with gains for regional energy and mining firms thanks to a jump in commodity prices, while Chinese markets again succumbed to selling pressure.
May 16, 2017 at 08:18AM
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Moody’s on S. Korea- Expect Government Debt to Remain at Manageable Levels of About 40% of Gdp
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MOODY’S ON S. KOREA- EXPECT GOVERNMENT DEBT TO REMAIN AT MANAGEABLE LEVELS OF ABOUT 40% OF GDP
The material has been provided by InstaForex Company – www.instaforex.com
May 16, 2017 at 08:14AM
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Announcement: Moody’s: Korea’s Credit Strengths Offer Resilience Through External Tensions and Challenges of Domestic Reform
Moody’s Investors Service says that the election of Moon Jae-in as president of Korea (Aa2 stable) clears away much of the country’s political uncertainty, but his new administration will still face major domestic and external challenges.
However, barring a major escalation of a range of interrelated risks, Moody’s expects the credit strengths of the sovereign, as well as Korean companies and banks to remain largely intact.
Moody’s conclusions are contained in its just-released report on Korea, “Credit Strength Amid Challenges, From Political Upheaval to External Tensions”.
The challenges faced by the new administration include tensions with China and North Korea, ongoing investigations involving the leadership of some chaebols, and uncertainty surrounding US trade policy and the US/Korea alliance. Along with rising corporate and household debt and pressures on industrial sectors already undergoing restructuring, these challenges are already reflected in Moody’s baseline assumptions.
A strong level of competitiveness and effective policymaking institutions support the outlook for economic growth which Moody’s projects at 2%-2.5% in 2017-18. Over the longer term, Korea’s growth potential will depend on the government’s ability to implement further structural reforms to mitigate population aging and slower productivity growth.
In Moody’s view, Korea’s very strong government balance sheet provides the fiscal space required to support the economy upon negative shocks — thereby mitigating some risks.
Moody’s expects that fiscal policies will remain anchored under the new administration, while there might be some policy shifts in some areas of structural reform, such as the labor market and social security. Although the government debt burden would likely edge up if the government intensifies its policy of targeted fiscal stimulus, Moody’s expects it to remain at manageable levels of about 40% of GDP.
Risks to fiscal strength would come from larger-than-expected fiscal costs in relation to corporate restructuring. An escalation of shocks would also test the government’s ability to implement effective policies.
In addition, the creditworthiness of rated companies will remain unchanged despite various challenges. Domestic political changes will have had a limited impact on the chaebols as they are managed by professional management teams. Government support for government related issuers will also likely remain broadly unchanged.
With the banking system, Moody’s does not believe that tensions with North Korea or the chaebol investigation will have immediate implications for the ratings of Korean banks.
However, rising uncertainty on trade at the macro level and higher household debt will be negative for corporate expenditure and consumer confidence, which will in turn weigh on the challenging environment now prevailing for Korean banks.
The outlook on the Korean banking system is currently negative, due to the deteriorating asset quality of loans to large corporates and this challenging operating environment.
Moody’s also notes that an intensification of the risks related to high household debt, corporate restructuring and external tensions could weigh on the credit profile of Korean issuers if a number of these risks were to materialize simultaneously. In particular, a combination of these pressures could challenge the resilience of Korea’s private sector and economy, as well as policymakers’ capacity to effectively implement measures to absorb shocks.
Nonetheless, although the risks that Korea faces could escalate and interact in a way that magnifies their effects, Moody’s believes that for the present, this possibility seems remote.
The material has been provided by InstaForex Company – www.instaforex.com
May 16, 2017 at 08:14AM
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Saturday, May 6, 2017
Nomura Asset Management Singapore buys 1.32 cr shares of Sadbhav Infra
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May 06, 2017 at 08:26AM
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Friday, May 5, 2017
California attorney general wants more money to fight Trump – Washington Times
Sacramento Bee |
California attorney general wants more money to fight Trump
Washington Times SACRAMENTO, Calif. (AP) – California’s attorney general told state lawmakers on Thursday that he needs more money if he is going to continue fighting President Donald Trump’s proposals. Attorney General Xavier Becerra’s current budget was passed … He wants more public money to fight Trump for CaliforniaSacramento Bee |
May 05, 2017 at 08:23AM
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Sunil Hitech Engineers Limited – Others
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interalia consider, discuss and approve following matters: (1) Increase authorized share……
May 05, 2017 at 08:24AM
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When to expect the French election results
It’s the final round of voting for the French election on Sunday (local time)
Which will be Monday morning (early) here in Asia (is my excitement coming across in pixels?)
May 05, 2017 at 08:13AM
from Eamonn Sheridan
Thursday, May 4, 2017
Opening an unexpected Google Docs invite could land you into a phishing net
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May 04, 2017 at 08:25AM
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Product review: Hyperkewl Cooling Sport Vest
Product review: Hyperkewl Cooling Sport Vest
Ujjivan Small Finance Bank commences operations in Pune
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May 04, 2017 at 08:25AM
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Bearish trend continues at PSX – The Nation
The Nation |
Bearish trend continues at PSX
The Nation KARACHI – Pakistan Stock Exchange (PSX) closed sharply lower on second consecutive day due to institutional profit-taking in the post earnings season. Volatile session was witnessed at the local bourse today as the index traded between an intraday high … |
May 04, 2017 at 08:23AM
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Govt clears Twin Star Technologies#39; Rs 9,000 cr FDI proposal
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May 04, 2017 at 08:25AM
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Tuesday, May 2, 2017
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