Financial markets
The uncertainty surrounding the future ratings of unlisted securities, including corporate bonds and securitized papers, has led credit rating companies to seek intervention from the ministries of corporate affairs and finance. These instruments, worth an estimated ₹1 lakh crore, fall outside the regulatory domain of the Securities and Exchange Board
Banks (Finance)
Moody's Investors Service has issued a news release affirming Bank of East Asia's (BOE) foreign currency and local currency long-term and short-term deposit ratings at A3/P-2. The announcement also affirms the bank's Baseline Credit Assessment (BCA) and Adjusted BCA at baa2, foreign currency
Banks (Finance)
Agusto and Co, a pan-African rating agency, has upgraded Wema Bank's ratings to 'A-' from 'Bbb+', affirming a stable outlook for the lender. This decision follows sustained profitability, improved operating efficiency, and a good liquidity profile, supported by strong shareholders' backing. The upgrade
Moody's Investors Service Inc.
The Moody's Investors Service has assigned a rating of Aa1 to the proposed $8.96 million California Municipal Finance Authority Multifamily Housing Revenue Bonds (Fannie Mae MBS Secured), a forward MBS transaction backed by the Federal National Mortgage Association (FNMA). The rating is based on the high credit
Banks (Finance)
Moody's Investors Service has reaffirmed the credit ratings of Attijariwafa Bank (AWB) at Ba1 with a stable outlook, citing the bank's strong risk management, stable funding, and high liquidity. The ratings agency also noted AWB's diversified franchise in Morocco, North Africa, West Africa, and
Banks (Finance)
Moody's Investors Service has affirmed the long-term deposit ratings of Groupe Banque Centrale Populaire (GBCP) at Ba1 with a stable outlook, recognizing the bank's solid profitability, stable funding, and high liquidity. The affirmation reflects GBCP's established cooperative bank franchise, sound profitability, stable and granular
Moody's Investors Service Inc.
Moody's Investors Service has affirmed Bank Tabungan Negara's (BTN) Baa2/P-2 long-term and short-term deposit ratings, citing the bank's systemic importance, government support, and adequate liquidity. However, Moody's has downgraded the bank's Baseline Credit Assessment (BCA) and Adjusted BCA to
Banks (Finance)
Cathay United Bank Co., Ltd., a Taiwanese bank, has maintained a stable outlook on its long-term deposit ratings at A1, according to Moody's Investors Service. This affirmation reflects the bank's strong fundamentals, including its asset quality, capitalization, and liquidity profile. Moody's expects the bank
Moody's Investors Service Inc.
Moody's Investors Service has recently downgraded the ratings on certain notes issued by Marble Point CLO XXIII Ltd., a managed cash-flow CLO that collateralizes a portfolio of broadly syndicated senior secured corporate loans. The downgrade action on the Class E notes reflects the specific risks posed by par
Moody's Investors Service Inc.
The Moody's Investors Service has assigned an Aa1 rating to the proposed $31 million Michigan State Housing Development Authority Multifamily Housing Revenue Bonds, Series 2025, for the Dean - Apartments at Eastlawn Project. The rating is based on the strong structural framework and high credit quality of the
Moody's Investors Service Inc.
Moody's Investors Service has assigned a rating of Aa1/VMIG 1 to the proposed $7.335 million Ohio Housing Finance Agency Multifamily Housing Revenue Bonds Series 2025A (Seton Square Portsmouth Apartments Project). The rating is based on the strong structural framework and high credit quality of the investments
Banks (Finance)
Yes Bank, India's troubled private sector lender, has received a significant boost to its credit ratings from Moody's Ratings, a global credit rating agency. The upgrade is a result of a gradual improvement in Yes Bank's overall credit profile, driven by better capital adequacy
