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Moody’s Investors Service

This tag is associated with 7 posts

23 July 2019 (AFR) – Property slump ‘hurting fiscal position of states’ – State debt a credit negative says Moody’s

(23 July 2019, AFR, p8, John Kehoe, Senior Writer) ‘The rising debt burden of state governments due to the property market slump and extra infrastructure spending is “credit negative” for their fiscal positions, ratings agency Moody’s Investors Service has warned. The property price correction, particularly in Sydney and Melbourne, has wiped $5.5 billion off previously … Continue reading

14 Sept 2017 (AFR) – Mortgage delinquencies rise to 1.7 per cent, up from from 1.5 per cent in 2016: Moody’s

(14 September 2017, AFR, p33, by Su-Lin Tan) ‘Credit rating agency Moody’s Investors Service warned the delinquency rate for Australian prime residential mortgage-backed securities of more than 30 days had risen to 1.67 per cent at June 30, up from 1.5 per cent in March and the same time last year. Loans that are more than 90 … Continue reading

9 June 2017 (AFR) – Chinese economy resilient – China’s May trade data better than expected, but seen fading

(9 June 2017, AFR, p12, by Sue-Lin Wong) ‘China reported stronger-than-anticipated exports and imports for May despite falling commodity prices. The data suggested the economy is holding up better than expected despite rising lending rates and a cooling property market. Concerns over China landed squarely back on global investors’ radar after Moody’s Investors Service downgraded … Continue reading

13 Sept 2016 (AFR) – Problem loans (home loan defaults) tick higher

(13 September 2016, AFR, p6, by Michael Bleby) ‘Mortgage defaults are rising and loans to property investors in NSW are also taking a bigger share of the lending pie. While the increases are not yet large enough to cause problems, they will have both the Reserve Bank of Australia and banking regulator APRA watching closely … Continue reading

18 Mar 2016 (AFR) – Australian mortgage default to increase this year says rating agency Moody’s

(18 March 2016, AFR, p34, by Matthew Cranston) ‘Ratings agency Moody’s Investors Service says that delinquency and defaults on Australian home loans will rise slightly this year because of a slowdown in the economy.’ Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

31 Aug 2015 (AFR) – On second thought, China slowdown will hit global-growth outlook

(31 August 2015, AFR, p9, by Andrew Mayeda) ‘China’s deepening struggles are starting to make a bigger dent in the global economic outlook. Moody’s Investors Service on Friday cut its 2016 growth forecast in Group of 20 economies to 2.8 per cent, down 0.3 per centage point from the company’s call less than two weeks … Continue reading

17 Oct 2013 (AFR) – Credit agencies ready to move as JPMorgan, Fidelity ditch bonds

(17 Oct 2013, AFR, p15) ‘Credit ratings agencies may not wait for a default to downgrade US government creditworthiness.’ ‘Standard & Poor’s downgraded US government bonds to AA from AAA amid the August 2011 debt ceiling debacle. The other two major ratings agencies – Moody’s Investors Service and Fitch Ratings – didn’t follow suit at … Continue reading