Non-food credit growth hits multi-year low of 5.1%

Posted by Sana on 01/26/2017 in Weak Credit | Short Link
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Non-food credit growth continued its downward trajectory in the fortnight ended January 6, hitting a multi-year low of 5.1% on a year-on-year (y-o-y) basis, according to data released by the Reserve Bank of India (RBI). This marks a worsening from the 5.3% growth figure clocked in the previous fortnight. Non-food credit grew to R73.07 lakh […]

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MIDEAST DEBT-Bahrain: weak credit, great value

Posted by Sana on 12/26/2016 in Weak Credit | Short Link
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bonds MIDDLE EAST DEBT-Bahrain: weak credit, great value

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Businesses improve, create jobs – survey

Posted by Sana on 11/17/2016 in Weak Credit | Short Link
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Private sector activities improved to a five-month high last month, a monthly market survey suggested yesterday, citing increased new orders, production and job opportunities. The Standard Chartered-MNI Business Sentiment for Kenya rose to 63.7 from 58.7 in August, the highest level since December 2015. The monthly review shows new orders surged to a new 2016 […]

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RPT–India bad loans mountain grows, risks delaying bank clean-up

Posted by Sana on 11/17/2016 in Weak Credit | Short Link
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(Repeats story first published on Monday with no changes to text) * Stressed loans rise to $138.5 bln in June from $121 bln in Dec * NPLs as part of stressed loans jump to $101 billion in June * India aiming for banks bad-loan clean-up by March 2017 By Devidutta Tripathy MUMBAI, Oct 11 Stressed […]

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Moody’s assigns B2 rating to LATAM’s note issue; stable outlook

Posted by Sana on 11/15/2016 in Weak Credit | Short Link
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Deutsche Bank needs to reassure markets: IMF official

Posted by Sana on 11/14/2016 in Weak Credit | Short Link
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Washington (AFP) – A senior IMF official said Wednesday that Germanys troubled Deutsche Bank should act to reassure markets that its business model is viable, and warned about broader weakness in European banks. The remark came as the International Monetary Fund said European banks face thin margins and high levels of bad loans, a gathering […]

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Moody’s downgrades Floworks International to Caa3; outlook negative

Posted by Sana on 11/13/2016 in Weak Credit | Short Link
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Approximately $221 million of rated debt securities affected New York, October 06, 2016 — Moodys Investors Service downgraded Floworks International LLCs (Floworks) corporate family rating to Caa3 from Caa1, its probability of default rating to Caa3-PD from Caa1-PD and its senior secured note rating to Ca from Caa2. The ratings outlook is negative. The ratings […]

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Moody’s assigns B3 to Fantasia Holdings’ proposed USD bonds

Posted by Sana on 11/13/2016 in Weak Credit | Short Link
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Hong Kong, September 27, 2016 — Moodys Investors Service has assigned a B3 senior unsecured debt rating to Fantasia Holdings Group Co., Limiteds proposed senior unsecured USD notes. Fantasia plans to use the proceeds from the proposed notes mainly to refinance existing indebtedness. RATINGS RATIONALE If the proposed notes are issued, Fantasias debt maturity profile […]

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Congress Unleashes the Furies, but Never at Itself

Posted by Sana on 11/12/2016 in Weak Credit | Short Link
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When Wells Fargo’s longtime CEO, John Stumpf, appeared before the Senate Banking Committee recently, Senator Elizabeth Warren tore into him with the relish of a Rottweiler mauling a favorite chew toy. “You should resign,” a wrathful Warren told Stumpf, who was summoned to testify after Wells Fargo acknowledged that thousands of its low-level employees had […]

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Will Mortgage Bonds Be the Next Disaster—Again?

Posted by Sana on 10/26/2016 in Weak Credit | Short Link
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Will Mortgage Bonds Be the Next Disaster–Again? For some investors, any mention of US mortgages takes them back to the dark days of 2008. But today’s mortgage bonds aren’t the devils some market participants make them out to be. We understand why the topic provokes anxiety. In the 2000s, rapidly rising home prices prompted lenders […]

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