Tag: moodys

Kumho Asiana's emergency restructuring exposes Korea's recovering banking sector, but Moody's say ratings remain unchanged. Asia appears relatively immune from Dubai’s debt problems, while Dubai World says less than half the amount of debt initially believed to be affected is included under the ... The Dubai government’s request for a standstill on Dubai World debt could be the beginning of a sovereign default. Despite boasting healthy ratios, Indonesia's banks are doing too little to boost the economy. Moody's discusses some of the characteristics of the world's largest bank. A report by Moody's says property and technology firms in Asia suffered more negative ratings actions in the third quarter than any other sector. The unexpected and potentially destabilising outcome of Malaysia's recent elections has not affected the sovereign's ratings. Moody's records the lowest speculative-grade default rate for December since 1981, but substantial increases are expected in the next couple of years. The number of Asian corporate ratings with a negative outlook has increased sharply in the fourth quarter, the ratings agency says. A top executive from Moody's says investors were warned in 2006 about the increased risk in certain kinds of credit transactions. Sovereigns are showing lower default rates than corporates, according to Moody's Investors Service. Brian Cahill promoted as Jennifer Elliott transfers to New York. Hong Kong’s most dapper fund management exec moves on after Scudder. Patrick Eng, senior vice-president at Moody''s in Australia gives his thoughts on the asset-backed market. Moody''s Investors Service appoints Jerry Chien as representative director for its new office in Taipei. Moody''s has announced that Julia Turner, its managing director for Asia ex-Japan is to leave Asia after five years. The doctor becomes a vice president and senior credit officer in the Asian Financial Institutions group. Moody’s Investor Service has appointed Richard Cantor as managing director of its credit ratings business. Moody''s assigns, for the first time, a syndicated bank loan rating for a Japanese borrower in anticipation of an upsurge in syndicated loan activity in the Japanese market. The BIS is mulling over a radical change that would put enormous pressure on the rating agencies.