Industry Research
THE EURO AREA SOVEREIGN CRISIS AND AFFECTED CREDITS
[May 14] Moody's downgrades Italian banks; outlooks remain negative
[May 14] Moody's takes multiple actions on Italian covered bonds
[May 14] Key Drivers of Italian Bank Rating Actions
[May 14] Increasing Support for Spanish Banks Further Burdens Government Balance Sheet
[May 14] Spain’s New Initiative, While Supportive, Leaves Banks Vulnerable to Rising Loan Delinquencies
[May 14] Greek Election Outcome Increases Euro-Exit Risk, a Credit Negative for Greek Banks
[May 14] Germany’s Macro-Prudential Regulation Will Be Credit Positive for Bank Bondholders and the Sovereign
For additional information on The Euro Area Sovereign Crisis and Affected Credits, please visit: www.moodys.com/eusovereign
Research
Asian Liquidity Stress Index
[May 9] Moody's Asian Liquidity Stress Index stabilized in April and now stands at 15.3%, compared with 15.5% in March.
Western Australia (State of) Australia
[May 9] A Aaa rating to the State of Western Australia’s credit quality reflects its ample budgetary flexibility supported by a robust resource-based economy which, along with prudent budgetary management, led to surplus operations for many years.
Moody's Weekly Credit Outlook
[May 14] West China Cement and Italcementi Cement Deal; Proposed Indonesia Export Tax for Antam; Reliance’s Downward Revision in Proved Reserves; Proposed Acquisition by Telkom Indonesia for Pacnet; Japanese Government Ownership of TEPCO for Firm and Other Electric Utilities; CIMB’s Acquisition of Bank of Commerce; Saigon-Hanoi Bank’s Takeover of Habubank; Enhanced Financial Safety Net for Asia’s Weaker Sovereigns; Australian Budget Demonstrates Commitment to Fiscal Prudence; Slackening Tax Revenue for Australian States; and more.
Rating Events
ASIA
[May 10] Moody's assigns (P)Aa3 to proposed ELM B.V. repack notes; reviews for downgrade
AUSTRALIA
[May 10] Moody's assigns definitive Aaa to Series 16 of CBA's Covered Bond Programme (Correction)
[May 10] Moody's assigns Series 2012-1R Harvey Trust definitive ratings
[May 14] Moody's assigns definitive ratings to Australian ABS issued by Bella Trust No. 2 Series 2012-1
[May 14] Moody's assigns provisional ratings to Series 2012-1 WST Trust RMBS
[May 15] Moody's downgrades to A2 (sf) swap rating for HBS Trust 2008-1R
CHINA
[May 10] Moody's upgrades Shenzhen Development Bank's ratings
[May 14] Moody's assigns P-1 short-term rating to Bank of China Limited's CP Notes
[May 15] Moody's assigns definitive Aa3 rating to Sinopec's bonds
INDIA
[May 14] Moody's downgrades LIC to Baa3 from Baa2, outlook stable
[May 14] Moody's revises three Indian banks' standalone and hybrid debt ratings
INDONESIA
[May 9] Moody's assigns provisional (P)B1 to Lippo Karawaci's proposed bond
[May 15] Moody's assigns a definitive B1 rating to Lippo Karawaci's senior unsecured notes
MALAYSIA
[May 15] Moody's assigns (P)Baa1 rating to IOI's EMTN Programme
Announcements
AUSTRALIA
[May 10] Moody's affirms Woodside Petroleum's Baa1 rating, outlook stable
CHINA
[May 9] Moody's: West China Cement's acquisition of Fuping Cement is credit positive
[May 11] Moody's: Noble's Q1 2012 results in line with expectation but remain weak for the rating
INDONESIA
[May 10] Moody's: Proposed Indonesia Export Tax Is Credit Negative for Antam
KOREA
[May 9] Moody's comments on KT's possible investment in Telkom SA
[May 10] Moody's revises SK Innovation's outlook to positive from stable
MALAYSIA
[May 11] Moody's affirms IOI's Baa1 rating; assigns negative outlook
MONGOLIA
[May 9] Moody's Disclosures on Credit Rating of Trade and Development Bank of Mongolia LLC
SINGAPORE
[May11] Moody's: SingTel 2011/12 results as expected though leverage remains high for its ratings
VIETNAM
[May11] Moody's places ratings of Saigon-Hanoi Commercial Bank on review for possible downgrade
Rating Methodologies
[May 8] Moody's Approach to Rating SF CDOs
Moody’s methodologies are available to all registered users of moodys.com. Please visit here for an updated list.
Moody's Events
Euromoney Global Offshore RMB Funding Forum 2012
Hong Kong, May 23, 2012
Briefings: Declining Liquidity for Chinese Property Developers Weighs on Sector
Hong Kong, May 24, 2012
Singapore, June 8, 2012
Moody's & CCXI 5th Annual Credit Risk Conference: Impact on China of a Changing Global Credit Paradigm
Beijing, May 29, 2012
Shanghai, May 31, 2012
Briefings: Outlook for Australian Real Estate Investment Trusts (A-REITs)
Sydney, May 31, 2012
Melbourne, June 1, 2012
Moody's Training Seminars
Click on the seminar below for additional detail
HONG KONG
Option Pricing and Risk Management, May 28-29, 2012
Interest Rate Swaps: Pricing, Risk Management and Structured Applications, September 10-11, 2012
High Yield and Leveraged Finance Credit Analysis, October 29-30, 2012
Corporate Credit Rating Analysis, November 5-7, 2012
Advanced Corporate Credit Analysis, December 10-12, 2012
SINGAPORE
Fundamentals of Financial Markets and Instruments, Jun 18-19, 2012
Corporate Credit Rating Analysis, July 11-13, 2012
Advanced Bank Risk Analysis, July 17-19, 2012
Bank Regulation: Basel and Beyond, July 20, 2012
Analyzing Sovereign and Country Risk, July 23-24, 2012
Fundamentals of Bank Credit Analysis, July 25-26, 2012
Fundamentals of Corporate Credit, September 18-21, 2012
Advanced Corporate Credit Analysis, September 26-28, 2012
SYDNEY
Fundamentals of Corporate Credit, July 31-August 3, 2012
Option Pricing and Risk Management, September 13-14, 2012
TAIPEI
Corporate Credit Rating Analysis, September 4-6, 2012
To download the training schedule for the Asia Pacific region please visit here.
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